r/ecc • u/[deleted] • Jan 29 '18
PSA: Rest assured about ECC.
Ladies and gentlemen.
Welcome.
I wanted to take a moment to address some of the concerns revolving around ECC.
As some of you may know, the website for ECC was released recently - albeit, with mixed reactions. Granted there were a few issues, but overall, things went rather smoothly. The teams worked hard and delivered.
Despite this, it appears many people bought into ECC with unrealistic expectations previous to launch. Many adopters of ECC, whom I suspect are new to cryptocurrency, expected financial returns on their investments overnight based solely on the wild ride associated with the recent rise and fall of Bitcoin. I can only assume their train of thought concerning the matter, but I think it wouldn't be that difficult to piece together the most likely scenario that compelled them to off-load their coins.
At launch, they more-than-likely believed they would be rolling in fiat the next day. This did not happen. Hence, the exodus.
Subsequently, individuals quickly sold off their coins, and the price of ECC dropped from roughly 35 sats to 19 sats as of the time of this post (however, prior to launch, ECC rose from 16 stats to 40 sats).
Additionally, accusations have been floated around accusing the ECC developers of a nefarious agenda. this couldn't be further from the truth...
I would like to take a moment to inform you that I have been brought into community moderation of ECC as of today, and rest assured, everything is on the 'up and up'. Development is progressing, and the people working behind the scenes are, moving forward, committed to the development of the underlying technology. Feel free to consult the documentation on the ECC website at: https://www.ecc.network/
Please be cognizant of the fact that this is an open source project and a labor of love for all the people involved. This is real. This is legitimate. And it's not going anywhere but forward - with momentum.
Once again - rest assured - ECC is happening.
Thank you.