I really cant stand this any longer, sick of this shit - fucked over again...
a) Premine has been at least partially dumped on market
b) Premine has been shifted around, split, shifted around, split shifted around and split multiple times to discourage tracing
http://earthchain.info/address/eUrViTV2M3aTk3dCuxqiuGse4hdv2vYgfn see for yourself.
c) Premine has been used to fund wages for a real dev team + and hardware for
http://incryptex.com, what "devs" are really working on is not EAC but
http://incryptex.comd) Comments and suggestions ignored, or if not ignored certainly not acted on, replies are nonsense
e) No official bounties. Dev rely on community development marketing
f) Comment on one of their youtube videos forced them to take it down (about dumping premine)
g) Absolutely terrible communication, terrible counter arguments to premine questions, beating around the bush.
h) Nobody even knows who the official devs are, [user] earthcoin [user] WesandEAC, who else?
i) User WesandEAC is obviously more of a professional TRADER then a dev, nobody has 100 screens with charts for "dev" work.
j) User earthcoin is probably
https://twitter.com/CryptoNorb, a known pump and dumper - i dont think he is a dev either, more a business man.
k)
https://twitter.com/CryptoNorb launched EAC, is launching
http://incryptex.com - in beta testing now - the only thing showing any progress.
Some of this may be conjecture but thats how I see it.
Well I've learnt my lesson over the past few weeks - some basically rules for investing in a cryptos should be:
1) Know the dev team, and that they aren't pump and dumpers - at least half the value of the coin is derived from a good committed dev "TEAM" and not one guy doing it all.
2) Try to get their REAL NAMES, Twitter Accounts, Facebook Accounts, Pictures of what they look like etc., preferably a business address too if possible - this shows they are less likely to run off and abandon the project for fear of repercussions.
3) NO PREMINE - whatever anybody tells you... NO FUCKING PREMINED COINS i.e "90% get rich quick scams" - investors hate them (because they've been burned before).
4) Mine the coins for the first few weeks at least, don't invest your own hard earned cash until the price establishes a fair value and your certain the devs are still onboard.
5) Dont be greedy
6) Assume most of these coins are a scam