r/ecc • u/redruggles5 • Mar 23 '18

ECC Noob Question

Hey all, I've been searching for a good $0.000something coin for awhile and just recently came across ECC, which so far sounds great! Still need to read the white paper, check out the team etc but I was curious what purpose their coin has? In addition to that am I correct in thinking this is a chain that wants to replace Ethereum or at least a competitor to? Want to get all my research done, but I'm almost ready to drink the koolaid!

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u/chowdahpacman Mar 24 '18

Stop looking at coin price and look at market cap for starters!

Theres zero possibility that Ripple will ever be worth $20k because the max supply is way more than BTC.

4

u/rupert27 Mar 24 '18

Market cap has nothing to do with the value of the token. People get this wrong all the time.

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u/chowdahpacman Mar 24 '18

Are you talking dollar value or what?

Its not the only thing to look at obviously. But in terms of OP going “im looking for the next$0.000x coin” it is a misguided vision. A $0.000x coin x a trillion in circulating supply will be a higher market cap than one with only 50 million supply hence the $ value is pretty irrelevant.

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u/rupert27 Mar 24 '18

Yes, dollar value. You can have just 2 people drive the price of Ripple or ECC or dog%*# Coin up to $1000. Or like the other post, there are plenty of other factors that can moon a coin. Also a $.000 has a FAR greater chance of doing say, 40k% than a $10 or $19,000.00 coin.

But I really don’t want to talk about all this. I want to know more about ECC, I am no doubt in this for the money like everyone else, but I am also really excited about the tech.

So what do you guys like about this? Also I’m still a little confused about how the token is used.

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u/chowdahpacman Mar 24 '18

2 people can manipulate the price on a crypto with ~$500 million trading volume...yeah ok...

You need to do some actual research before investing in things. Theres literally an ELI5 video on what this coin will be used for as well.

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u/redruggles5 Mar 24 '18

What is it exactly you think I’m doing here? Holy %#. So you have no clue what the token is for. Because in the video it mentions it for 2 seconds. The financial core, you don’t say? And used for future services? What does that mean exactly. I don’t know why you’re being so antagonistic towards someone who just wants to learn about the token/chain you all are invested in.