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Hello everyone,

As announced last week, the empowr engineers have begun the process of stabilizing your empowr balances so that your coins can retain their value while they remain in empowr (before you transfer them out).

As a reminder, this move is part of empowr’s MASS coin strategy.

Over the past 48 hours, the first major rollout of these changes has been put in place, and while there were a few issues that are now resolved, I wanted to take a moment to address any confusion that some of you may have regarding the changes made during the coin stabilization.

 

Below are the top questions we’ve received from the community thus far. After reading this, if any of your general questions regarding the coin stabilization process have not been answered, please ask them in the comments below and I’ll do my best to answer them as quickly as possible.

For personal issues, please use this form.

 

 

Questions regarding the coin stabilization:

What happened to my balance?

If you are viewing your balance in empowr coins, you’ll notice that the number of coins in your balance will now increase or decrease as the price of the coin fluctuates. If you are viewing your balance in your local currency (such as U.S. Dollars), however, your balance will remain approximately the same regardless of the price of the coin.  Please note that fluctuations with your local currency, against other major currencies, will affect your balance.

Due to the price stabilization process, the overall balances displayed at the top of your profile and on your balance page is unfortunately out of sync. Our engineers are currently working on resolving this.

Please note that your individual coin, pre-coin and external wallet balances (at the top of your balance details page – as show in the image below) is accurate, whereas the balance shown at the top of various pages or emails may still be inaccurate for some citizens.

empowr coin balance stabilization update

 

Why did my balance become so large for a few hours?

For any marketplace sales, refunds or bids returned that occurred from listings created prior to January 3rd at 8:30PM PST, you’ll notice that those earnings are now being added to your legacy coin balance.

The reason for doing that, is that those sales were made prior to the coin stabilization process and would not properly reflect in your balance if they were not added to your legacy coins first.

For the first 24 hours after the coin stabilization process completed, all elements of the process were not finalized yet, which led to some people seeing extremely large coin balances. This has now been resolved, and those earnings have been added as their proper amount in your legacy coin balance.

 

Why is my pre-coin balance so high?

As a ‘thank you’ to our longest standing empowr citizens, we’ve given you $1 USD in pre-coins, for each pre-coin you had before this process.

The result is that you will never again have issues upgrading to your highest power level desired regardless of the coin price, at least for many years to come.

It also means that when you hit your daily goal and spin the mission wheel, you should always have enough pre-coins to convert into coins, also for a long time to come.

 

 

What happened to my marketplace listings?

As discussed in the earlier post, all active fixed price and auction listings were paused on January 3rd.

To make your listings active again, simply visit your I’m Selling page, click on the listing you want to publish, and **be sure to update the price** for each item for in your local currency. 

 

 

Why am I being charged for bidding/buying a low-priced product?

For the past day or so, the amount shown in marketplace feed stories was showing the cost of the item in empowr coins as opposed to your local currency. This is now fixed.

By clicking on the listing itself, you can also see the proper cost of the item in your local currency:

empowr coin balance stabilization update 

 

 

My Ether wallet has been charged. Why?

Unless you are manually purchasing a mission role or transferring coins out of empowr, the only time you may be charged to your Ether wallet is for your monthly mission role renewal or a marketplace purchase that you initiated.

If you don’t wish to pay for your mission role each month, simply choose to be a Mission Volunteer and you will not be charged.

If you don’t wish to pay with your Ether wallet for your marketplace purchases, when you go shopping make sure you have enough coins available to shop with, or enough coins in your Coin Savings Vault for your purchases.

Depending on your marketplace payment settings, if you don’t have enough maturing coins or coins in your Coin Savings Vault, you may be charged to your Ether wallet for items you purchase.

 

What happened to the mission wheel?

For the past day or so, the amount of coins earned on the Mission Wheel was erroneously displayed as the same amount as the U.S. Dollars earned.

This was simply a display error and has now been fixed. The amount of coins you earned in your balance already reflect the U.S. Dollar amount you earned. 

 


Why are my trading bonuses from buy orders not being accelerated to my Coin Savings Vault?

 

Our exchange, DDEX, recently updated their platform which has caused an issue in our ability to accurately track all of the trades occurring on the exchange. For that reason, some buy orders are currently being recorded as sell orders - which means the bonuses are not being accelerated to the Coin Savings Vault.

 

We're currently in the process of fixing this issue and expect to have it live early next week.

 

Why can’t I cash out everything in my Coin Savings Vault?

For the past several weeks, some empowr citizens were blocked from cashing out due to the number of pending transfers they had outstanding.

This issue has been corrected, and you should now be able to cash out up to 1B coins at once.

 

Update January 7th - After reviewing your comments below - we've added some additional answers below to further help with any confusion:

What was the purpose of the coin stabilization process?

As discussed in the original announcement, empowr’s hope is for everyone’s coins to be worth a lot more in the long-term; but the strategy of mass adoption can hurt the value of your coins in the short-term.

The purpose of the coin stabilization process is to ensure that regardless of the coin’s value on the exchange, the value of the coins you earn will always remain the same, from the time you earn them, until the time you cash them out of your empowr balance (meaning until you transfer them to your coin savings vault or external Ether wallet).

This will prove to be especially be important while the empowr community is in rapid expansion mode. As a reminder, we are expecting many millions of new citizens to join empowr in the coming months, and all of them will be earning coins by simply posting and sharing, as well as selling and coaching.

Example:

Sally earns $100 USD (example value = 100,000 coins) on Feb 10th.

One week later (Feb 17th), Sally wants to buy a mobile phone for $65 from the marketplace.

However, in our example, by Feb 17th the price of the coin has fallen by 40% so that her 100,000 coins are now only worth $60 USD – which means she can’t buy the mobile phone.

With the coin stabilization process that is now in place since January 3rd, 2019, the value of coins will be preserved until they are cashed out.

That means, in the same example above, Sally would now be able to buy the mobile phone she’s been wanting – even if the price of the coin drops by 45%, 65% or even 99%!

Now, everyone earning in empowr can be confident that their earnings will not lose their value from the moment they earn them, until the very moment that they are able to spend them or convert them to their local currency.

 

What did the coin stabilization process entail?

The coin stabilization process was completed on January 3rd at 8:30PM PST.

Here are the changes that were made:

1) As of January 3rd at 8:30PM PST, going forward each time you earn coins, the value of those coins (in local currency at the moment you earned them) will remain stable in your balance.

2) In regards to coins before January 3rd:  Based on the coin price (in local currency) at the time of the launch of the new code, the value of your coin balances (maturing/matured, legacy and founder) was locked in so that from that point forward they would retain the same value regardless of the movement of the empowr coin.

That means, that if you are viewing your balance in empowr coins, you’ll notice the number of coins that you have increase or decrease as the price changes. However, if you are viewing your balance in another currency (like U.S. Dollars) the amount will stay the same.

3) Given that this new functionality was launched on January 3rd, the cash advance and ‘available to shop in the marketplace’ limits were reset on January 3rd at 8:30PM PST.

Going forward from Jan 3, as you hit your Daily Goal and sell new items in the marketplace, those limits will increase as normally expected.

 

What earnings are affected by the coin stabilization process?

The amount of coins in your balance as of 8:30PM PST on January 3rd and any new coins added to your balance since then - there can be no retroactive for earnings received prior to that time, because the functionality did not yet exist. I understand that this is confusing to some citizens and I apologize for that; the new stabilization feature is simply not backwards compatible.

 

Is my balance correct?

As mentioned in the earlier question above, currently the overall balance is not in sync with what your actual balance is.

This is simply a display issue; something the empowr engineers are currently working on, and it will be fixed as quickly as possible which will also include the display of your pending marketplace sales and purchases.

 

Thanks for everyone’s patience as we continue to work through any remaining issues from this massive undertaking.

We hope that, going forward, the stabilization of the value of your coins will make any short-term inconveniences worth it for you.

If you experience any new issues, please report them using this form (not in the comments below).

 

Any questions? We’re here for you.

 

Your President,
Carlos

The Gold Rush of 2019

by Johnny Cash on January 01, 2019

The Gold Rush of 2019

 

Happy New Year my fellow empowr citizens! 

Usually at this time of the year, I publish a much longer post...

... summarizing some of our accomplishments and victories, progress, mistakes and learning experiences from the year that just ended.

However, this year, knowing that today – January 1st -- we would have a topic of critical importance to discuss,

something that would require us to look to the future as opposed to the past,

I’ll admit that we sneakily used the month of December to get the longer (building-block) topics out of the way.

 

As a result, today, we can quickly summarize what was discussed earlier this month...

... and then turn our attention to the future.

 

Our first discussion was on December 7th. 

Topics included a software rollout targeting cheaters, a discussion of the technology hype cycle, and the Network Effect.  

 

Our next discussion was on December 23rd.

That was one of the longer discussions. Topics included a new approach to stabilizing the value of everyone’s coins in their empowr balance, while leaving the price of the coin instable on the blockchain. We also discussed the upcoming ‘Buy’ listings

 

Next, President Carlos reached out on December 27th.

Topics included additional details on the stabilizing process for everyone’s coins, including how marketplace items currently in progress would be handled during the switch to the new model.

 

And finally, on December 28th we published a coin strategy summary.

Given all the moves in 2018 in regards to the coin, we created this single post that summarizes the coin strategy and all the reasons behind it. We answered questions such as why the coin’s price has had downward pressure on it, and why some people are buying up so many coins despite the recent downward trend.

By the way, I recently overheard a discussion by empowr employees that, these same people that are buying up and accumulating so many coins today, will one day be called by some as ‘simply lucky’.

We should all take a moment to notice the overall coin-buying mood during this period of time in which these citizens are accumulating so many coins: The value of all cryptocurrencies are down, as we’re in the ‘trough of disillusionment’ phase of the tech hype cycle. Therefore, we should agree now that we’ll never accuse them of just being lucky; it actually took courage and confidence in their own intelligence as opposed to ‘simple luck’.

  

Let’s move forward

Thank you for investing the time in reading those posts,

so you are current with the moves being made and the reasons behind them,

and adding your thoughts and feedback to the mix.

 

Now, with those prerequisite discussions behind us,

we can focus on what will likely be the most important topic of 2019.

We will need your thoughts and ideas before we can proceed.

 

First, together, we must face this fact:

Over the years, together we’ve had a large number of inventions and ‘firsts’.

Today, empowr is the only social network that has a transactions-based marketplace...

... as well as other critical elements such as our crowdsourced educational platform.

  

However...

We are not alone in this world. 

Our ‘first-mover advantage’ will not last forever.

Being first does not mean that we will automatically be the first to exploit the Network Effect.

 

We believe that, in the next 12 to 24 months, empowr will become the dominant platform in social networking – or it will very likely fail.

It is only a matter of time until another company is finally able to piece together everything required.

  

Therefore, this year (2019) we must grow very rapidly,

so that we can successfully exploit the Network Effect to protect our position

or else we will soon risk being overrun by competitors.

 

What exactly does that mean?

Exactly how do we quantify ‘become the dominant platform’ and ‘grow very rapidly’?

Answer:  

1.  In less than a year from now --  by this December (2019) – we believe the empowr economy must be completing billions (USD) in annualized marketplaces sales.

2.  In less than 2 years from now -- in December 2020 – we believe the empowr economy must be completing a minimum of tens of billions in annualized marketplaces sales.

After the empowr community accomplishes those two (2) goals, we believe that it will be virtually impossible for others to compete with empowr...

... as our economy will already be rivaling that of many countries...

... and yet empowr will still be growing faster than any country on the planet...

... because new citizens can ‘migrate to our country’ for free...

... in less than 5 minutes from the moment they first hear about empowr.

  

By accomplishing those 2 goals, we will have virtually secured the accomplishment of our mission and overarching goal.


So, what does it take to achieve those numbers and become uncatchable?

empowr’s marketplace sales must grow at the following monthly rates:

                                           The Gold Rush of 2019

 

Notice that the first few months require the fastest growth.

After this coming summer (after August 2019) the required growth rate slows down significantly.

 

Question: Are these growth rates possible – especially the first few months?

Answer: Absolutely, YES.

Why? How can we be so sure?

We know this because, together, the empowr community has already achieved that monthly growth rate – as any empowr citizen that’s been here for 2 years will tell you:

Two years ago, the empowr marketplace was growing at a consistent 200% per month for a few months...

... before we needed to stop everything -- and even shut off all cash outs...

... because of some big obstacles that appeared in our path.

  

The good news is that, over the last 2 years,

the empowr community has arrived at solutions to virtually ALL of the major challenges it faced back then...

... and we’re just about ready to ramp up again.

  

Of course one big solution, was our move to cryptocurrency,

and we were lucky that an entire ecosystem emerged around cryptocurrency, bringing us things like crypto exchanges,

which of course helps our citizens to do things such as cash out and convert empowr coins into their local currency.

To learn more about our learnings from 2 years ago, and why a new currency made a big difference, read this story.

  

So, as we just discussed, in the past we have already experienced the required level of growth,

and, in addition, our marketplace tools, success coach program and other elements of our ecosystem have continued to improve since that time.

 

Perhaps as importantly, as discussed a few days ago, empowr citizens will soon able to create ‘Buy’ listings - as opposed to only ‘Sell’ listings.

That means that Shoppers will, by definition, soon get exactly what they want from the empowr marketplace.

  

In addition, using those same ‘Buy’ listings, Sellers will be able to see the exact bonus (profit) they will gain,

before investing even a single click of their mouse...

... and without the need to ever create a listing themselves or even deal with ‘Unpaid items’.

 

Of course, that means that, just like Shoppers, Sellers will also get exactly what they want from the empowr marketplace.

And so, it appears like, soon it might get as much as 100 times easier for both Shoppers and Sellers to achieve their desired results.

  

As a result of these and many other improvements to virtually all parts of our ecosystem that were made in the last two years...

... we have confidence that the marketplace can experience growth at rates even faster than it did two years ago. 

 

But there’s a lot at stake here.

It is simply not enough to ‘have confidence’ that the marketplace can grow, or proceed with best intentions and best efforts.

Together, we must come up with a plan that almost guarantees that those growth rates WILL be achieved.

  

What else can we do to ensure the required growth rates are achieved?

Perhaps a recent comment from empowr citizen Le Thanh Kong best summarizes what else might need to happen:

                The Gold Rush of 2019

 

I want to focus on three (3) important points Le made:

1.  We must build trust

2.  Sellers must get their investment back quickly to reinvest in their business

3.  We must ‘motivate the marketplace’

  

1.  We must build trust

He’s right.

In order for both Shoppers and Sellers to invest their valuable time, energy and money in empowr, they must trust the overall platform and the other community members.

Trust in the platform will be built over time, as together we keep improving and evolving the product...

... removing glitches and adding missing features...

... and removing bad actors and cheaters.

I am optimistic that, given the mandate you have given President Carlos when you voted him into office recently...

... and how focused he is on ensuring the marketplace becomes the top priority for the company...

... that trust in the platform will be continuously growing.

 

I am also optimistic that a growing number of ‘world-class empowr citizens’ will emerge in each geographic region around the world,

as measured by their Buyer and Seller ratings,

and everyone will be able to trust them to always do the right thing.

 

2.  Sellers must get their investment back quickly to reinvest in their business

This is easy for everyone to understand:

If Sellers cannot get their money back quickly, including their bonus (their profit) they will not be able to increase their sales.

Therefore, it goes without saying that we must get Sellers their money faster.

A big part of what enables that, is making sure we’re constantly improving the blocking of fraudsters.

Towards that, you can expect a few new features to go live soon,

including a requirement to maintain your receipt if you purchased the item you are selling,

or a photo of the item if you didn’t recently purchase it,

along with a new online process to confirm your identification,

and live calls with our risk assessment team.

The better we get at blocking cheaters, the faster we can get Sellers’ funds to them.

  

3.  We need to ‘motivate the marketplace’

Many empowr citizens have been working hard for this mission; some for a very long time.

Some of the years have been more tiring and taxing than others. I personally think this last year was among the most difficult.

Therefore, we should be looking for opportunities to drive extra rewards to the empowr citizens that,

despite the difficulties we have all faced,

are still here, still believing and still working hard.

 

As empowr citizen Le Thanh Kong suggests, we could hit two birds with a single stone...

... and take care of our citizens while also ensuring growth...

... if we ‘motivate the marketplace’ by applying a very nice cash advance bonus for Sellers.

  

In other words, imagine that we apply a multiple to the cash advances that Sellers will receive -- based partially on their trading progress bar.

Example:

Sally sells an item for $100 USD.

Of course, the % of her sales that are available to her to “Cash Advance” is based on the factors shown at the bottom of her balance page.

The largest (#1) factor, of course, is how much she sells: As her overall sales increase, the % of her sales available for cash advance also increases.

The idea here is, to further motivate and reward our Sellers, let’s increase their cash advance amount, by applying a multiple (= a marketplace stimulus).

 

Marketplace stimulus

In order to ignite marketplace sales, we’ll multiply up Sally’s final cash advance amount...

... by as much as it takes...

... to ensure the overall marketplace sales grow to our target range.

  

We will start the stimulus at 2X (200%).

That means that (back to the above example) if Sally was due to receive, say, $75 in cash advances from her sale,

she’ll now receive 2X (= $150) because the stimulus doubled her cash advance.

 

In that manner, Sally gets her money more quickly so she can sell again.

Note: Sally will receive as much as ALL of the extra (stimulus) amount

... or as little as NONE of the extra amount,

... based on how full (or empty) her coin trading progress bar is.

  

Does this make sense?

In order to ensure Sellers can cash out more, we must also ensure our trading volume is increasing.

As the next few months pass and the empowr economy keeps growing and word keeps spreading,

the coin trading volume will take care of itself,

and the marketplace stimulus (and the focus on trading volume) will no longer be necessary.

But in the short-term, let’s make sure our coin trading volume increases as fast as our marketplace sales.

  

Does Sally also earn the other (currently active) trading bonus?

As a reminder, all empowr citizens earn a (between 1% and 7%) bonus on all their coin trades (buys and sells).  

The answer is: Yes, in addition to the above stimulus, Sally will also still earn coins from all her coin trades,

and she will continue to have her ‘Buy’ bonuses accelerated to her Coin Savings Vault so she can cash them out immediately.

 

Automating the marketplace stimulus

We discussed starting the stimulus at 2X (200%).

Could the stimulus multiple go ever higher (or lower)?

How will the stimulus be decided and by whom?

The answer is that the stimulus will be totally automated.

And it can go as high or as low as required to ensure we hit our desired targets.

As a reminder, we want to hit these target growth rates:

                                   The Gold Rush of 2019 

 

When we need more growth than what we are seeing, the stimulus will keep moving up,

causing Sellers to potentially earn massive cash advances on their sales.

When the growth rate has gone too far above the target rate, the stimulus will be gradually lowered.

Once the stimulus is turned on, we will start it at 2X and then it will automatically go up or down based on how fast the marketplace ramps up.

  

When will the stimulus start?

Before we get started, the empowr community needs some time to prepare:

 

Shoppers need time to prepare

Shoppers: Start thinking of all the things you need and/or want.

Visit your favorite e-commerce websites, such as Amazon, Alibaba, Miinthebox, Aliexpress, Gearbest, Walmart.com, Target.com, Flipkart and Taobao among many others.

Then, in a document or spreadsheet, save the URL for each of the items you want.

Also note the final price for each item including tax and shipping cost.

Note: It is important that you arrive at the final price accurately, otherwise your listing will be rejected by the marketplace moderators and/or the Seller will give you a poor rating.

  

Shoppers, only create listings for the things that you really want

empowr currently spends a lot compensating our mighty marketplace moderators. With these new ‘Buy’ listings, their workload will increase, as they will need to validate each item’s source and final price.

Therefore, Shoppers should not create listings for anything they are not confident that they want to purchase.

To help ensure this happens, Shoppers will pay a small fee for each ‘Buy’ listing, whether or not the listing is rejected or approved,

as both (approvals and rejections) create work and cost for the moderation team members.

We want Shoppers to think carefully before creating tons of listings for things they may not really want to purchase.

Along with not creating unnecessary work for the marketplace moderators, listings will also create extra work for the Sellers if the Shopper is not ‘real’.

We want the Sellers to know that, if they decide to complete a sale,

that the offer and Shopper are ‘real’,

especially since the Shopper will have spent between $1 and $2 for each listing depending on their mission role.

I think we should allow the empowr community 2 weeks to prepare their shopping list.

 

Sellers need time to prepare

We also want to give Sellers a chance to think and prepare themselves.

How much total profit do you want to earn monthly?

What will be your criteria for choosing which listings to go for, and which to avoid?

What is the minimum bonus (profit) amount and/or profit margin (%) -- you will require before committing to a sale?

Is there a minimum ‘Buyer rating’ and/or Power Level you wish to see from Shoppers before you will work with them?

Sellers must also think about where they will get the original funds from, in order to procure the items for Shoppers. 

We think it would also be a good idea to give Sellers about 2 weeks to think about their approach and logistics.

And to stop ‘fake sellers’ from taking sales that they do not intend to deliver,

Sellers will also be required to pay between $1 to $2 depending on their mission roles,

before they’re provided with a guaranteed sale (meaning the Shopper has already paid for the item).

Sellers will get this fee back – added back into their cash advance after the sale is marked as ‘Item Received’ by the buyer.

Proceeds from ‘Buy’ listings will pay for marketplace moderators and the rapidly growing fraud-fighting systems and risk-assessment team.

  

Success Coaches, moderators, engineering and risk assessment need time to prepare

In addition, Success Coaches and marketplace moderators will need time to update their processes in order to meet the demand.

And empowr’s engineering and risk assessment (fraud) teams are also spending time preparing for the rapid growth.

  

What you can expect

You can expect to see the ‘Buy’ listing functionality launched in the next week or so.

After that, we will wait for the Success Coach and marketplace moderation teams to give their thumbs up, which will likely take 1-2 weeks after the features are launched.

Then, after citizens (Shoppers and Sellers) all report that they are satisfied with the new features, and all major bugs and issues are corrected,

in order to ensure a fair and level playing field for everyone,

we will give a few days advance notice to the community before the start of the stimulus. 

Adding up those weeks and days, you should expect the stimulus to start during the 3rd week of January.

 

Rapid growth means massive opportunity

As discussed, the cash advance algorithms will automatically increase or decrease the stimulus, as needed, to ensure the target growth rates are achieved.

That means that Sellers that get involved the soonest, will likely receive the biggest rewards.

Any of you that have been involved in fast growing economies - such as China, Nigeria and other fast growing countries in recent years,

understand that ‘all tides rise’...

... meaning the players in the game  -- when the game is rapidly expanding...

... quite often tend to do very well.

 

And that’s why I titled this post “The Gold Rush of 2019”:

Using this marketplace stimulus as a tool,

it is our objective to BOTH grow the empowr economy quickly

 as well as reward our faithful and optimistic citizens,

that have given this mission everything and remained focused and positive.

 

Rapid growth also means growing pains

I also feel the need to remind everyone that, despite our need to move and grow super-fast,

empowr continues to be in its Alpha phase. 

 

With break-neck speed, you also get growing pains, sonic boom and whiplash.

In tech companies, this level of growth means difficulties that are usually quite difficult to predict ahead of time.

In reality, most of the upcoming difficulties due to growth have been predicted, and have been accounted and planned for, which is why you are less likely to ever see those issues.

It’s the few issues that were not predicted ahead of time, that’ll become the problems that will need to be dealt with in real-time when they show their ugly heads.

Add to that the low resource level of an uncapitalized, no-investor approach, and everyone should expect serious bumps in the road.

 

But as always, together, we won’t let obstacles stand in our way for long.

We may get knocked down,

but what doesn’t kill us will only make us stronger,

and we will apply each ounce of additional strength to obliterating the obstacle,

 and further advancing and accelerating our progress.

  

OK, I am aiming for this post to be shorter, so let’s start wrapping it up here.


In summary
 

Together, we’ve done a lot of innovating, and this last year was no exception, as we worked to integrate a totally new currency, and strike a balance between stability and mass adoption.

It’s now or never for empowr to grow rapidly,

and deliver an economy to the world capable of helping every man and woman...

... that can at least find their way to an Internet café or cheap mobile phone...

... a chance to quickly improve their life.

 

Given the existence of the Network Effect,

which informs us that the first company (empowr or any of its competitors) to experience rapid marketplace growth,

will become near-impossible to catch,

the empowr community MUST now exploit its first-mover advantage,

and do everything in its power to grow rapidly,

or else sit back and watch quietly,

as one or more competitors harness the Network Effect before we do,

ultimately locking empowr out of the race,

essentially causing empowr to fail.

 

If we fail

If we fail to stop a competitor from getting there first,

that most certainly will mean that, in the end,

most of humanity will work for networked companies (like Uber, Amazon, Google)...

... all of which will undoubtedly be funded by Wall Street and Silicon Valley investors that demand quarterly profit growth.


Why that’s a problem for humanity

Each and every one of those Wall Street and Silicon Valley funded companies...

... after they have monopolized their industries...

MUST eventually keep lowering pay for their workers,

slowly turning them into economic slaves ...

in order to keep their Wall Street and Silicon Valley investors happy

and their profits and stock value going up,

and their management teams employed.

 

The resulting inequality,

which has already started...

          The Gold Rush of 2019                          Source: World Inequality Report

  

... without a doubt will cause the masses to tear down the system that is enslaving them.


Don’t believe me?  

Do you think I am exaggerating?

If you feel that way, I am pleading with you, please -- open up your eyes: 

Take a quick look at what has already been happening in the U.K (Brexit), USA (Donald Trump), Brazil (Jair Bolsonaro), Hungary (Viktor Orban), Poland (The Law & Justice Party), the Philippines (Rodrigo Duterte), France (yellow vests) and Italy (the League and the Five Star Movement)...

... just to mention a few of the more troubling areas.

It is clear that the unraveling of democracy has not only started, but is now getting serious momentum.

 

So what?

Again, simply answer this single question:

What happens in place of democracy?

The smartest, brightest political scientists in the world all HAVE NO GOOD ANSWER.

Nothing good is the right answer.

  

Together, we can turn that around...

... by delivering a robust, democratic economy to the people of the world.

We do that, very simply, like this:

                                  The Gold Rush of 2019

  

We have the power to do this

With what we have already accomplished together,

which was not without major sacrifices from many or most everyone involved,

we now appear to have everything we need to become an economy measured in billions (USD) later this year (2019)...

then tens of billions next year (2020),

then hundreds of billions in the year following that.

 

With an economy of that size and strength,

 and the incredibly unique position we have achieved together,

where Wall Street and Silicon Valley don’t own or control us...

we will never be pushed to increase profits quarter-after-quarter,

and turn anyone into slaves of our economic machine.

 

The good news -- actually, quite amazing news -- is that,

by using whatever amount of marketplace stimulus level is required,

we have the power to ensure the necessary targets are met.

 

Specifically, I am saying that we have no venture capitalists or profit-seeking investors that can stop us

from providing any amount of profits (via marketplace stimulus)

to our hard-working citizens that,

because of their work and sacrifices over the months and years,

deserve every penny of any and all gains,

that might materialize for them from this big push.

  

We need your thoughts

We need your constructive thoughts or ideas, so we can use our collective intelligence to optimize the approach:

What are we missing?

Do you see any big potholes that must be fixed now, before we get started with the stimulus...

meaning things that cannot wait even a few weeks before being addressed?

  

Lastly, I am happy to announce that empowr is rapidly enlarging its engineering team in order to handle the upcoming rapid growth of course,

but also to accelerate the other items being worked on in parallel,

such as new and improved mobile apps, local merchant and app platforms, and localization of the platform to support 100 languages (as opposed to just English).

This means that, in the coming weeks and months you should also start seeing more and more of the things you’ve been wanting and/or waiting to be fixed,

finally coming your way more quickly.

 

We are looking forward to your thoughts and ideas.

(And we will delete all comments with unrelated or personal topics:
                         Personal issues should be sent to your success coach).

 

Your truly,
JC

What’s up with the empowr coin?

Hello everyone,

In the year that has passed, we talked a lot about our coin strategy, and anyone that’s been active in empowr for the entire year knows every twist we’ve taken, and why.

But for those just recently arriving to empowr, it takes some work to understand our coin strategy and all reasons behind our various decisions:

You need to go read a lot of old blog posts in order to piece the strategy together.

 

Therefore, the objective with this post is to make it easier for our newest arrivals to find the coin strategy information summarized in one, single post...

...  as well as give our veteran citizens a single post that they can point newbies to whenever they have questions.

 

Then, in our next post (called the Gold Rush of 2019), I promise to put a simple plan in front of you...

... a plan that will make it clear that we now have a very straight path to accomplishing our mission.

Let’s get started.

 

The coin strategy

Below, I will summarize our coin strategy, and then answer some frequently asked questions.

But first, a message to our newest citizens:

In order for you to comprehend what we’re trying to do with our coin,

it is essential that you first understand why empowr exists. 

 

Why was empowr created and what is the empowr community trying to do?

In other words, what is empowr’s mission?

empowr’s mission is:
To empower people by enabling opportunity, hope and influence.


And since any mission that lacks a clear, quantifiable goal is meaningless...

empowr’s overarching goal is:
To help half the planet (4 billion people) earn a minimum of $25 per day by the year 2025.


And what is the strategy to accomplishing this mission and overarching goal?

empowr’s strategy:
Provide everything required to enable any man and woman that's willing to work and help themselves...

... to successfully emerge out of poverty, and maybe even build some wealth for themselves.

More specifically, we want to enable people to earn by simply posting and sharing content,

earn by providing others with valuable products and services,

and earn by coaching our newest citizens how to success.

 

In other words, this community has come together to work hard with the goal of

 successfully delivering to the people of the world an economy

that anyone, from anywhere and any walk of life

can ‘migrate to’ within just a minute or two

using just a simple browser on a computer or mobile phone.

 

Since we don’t have -- and will never have -- unlimited resources such that we could just give away money to everyone,

we will instead deliver to them a robust economy,

that they can use to empower themselves.

 

Every economy has a ton of moving parts, and in 2018 we were all very focused on the currency in our economy (called a ‘cryptocurrency coin’ – specifically ‘the empowr coin’).

It’s now been 8 months since we launched our cryptocurrency coin,

and in that time, our strategy for our coin has evolved

to what we’ll call MAAS – pronounced ‘mass’.

 

MAAS: Mass Adoption and Stable

MAAS means that we want our coin to:

1.  Gain Mass Adoption as quickly as possible

But also:

2. Enjoy a Stable price so that our community can be 100% confident that it will maintain its value from the time they earn it,

to the time they decide to cash it out (meaning when they trade it for their local currency)

 

Questions:

Why is empowr giving away so many coins?

Giving away billions of coins is the ‘Mass Adoption’ aspect of our ‘MAAS’ strategy. 

Here’s why we are doing that:

We believe that, in the next few years, only one or two coins will survive.

 The winner will be the coin that’s most utilized in commerce transactions,

          meaning used for buying and selling the most goods and services.

 

In order to get our coin to be the most used for commerce,

we are giving away coins to people for social media activities such as posting and sharing,

which -- along with searching on the Internet --

is the only electronic activity that billions of people already know how to do.

 

So, to make it easy for people to earn our coins, we spent years building the capability for billions of people to earn by simply doing that which they already know how to do (posting and sharing content).

And the main way they benefit from those coins is by:

A) waiting for the coins to mature before cashing them out, or by
B) buying things from their fellow citizens before their coins mature

While they wait for their coins to mature, we try hard to educate them on how to become more productive members of the empowr economy.

That means we teach them how to generate profits for themselves by providing valuable products and services to other empowr citizens,

and then we even try to teach them how to become successful educators themselves. 

 

As you can see, we are attempting to do all we can to get our coins into the hands of people that deserve the coins,

meaning people that are bringing quantifiable value to their fellow empowr citizens.

 

To summarize, we are distributing billions of coins to people around the world, in order for our coin to gain mass adoption,

so that our coin and economy can become dominant.

 

In a world dominated by networks -- and the Network Effect...

the world will likely end up with only one, single electronic economic powerhouse.

 

The world really needs that to be empowr,

the one and only platform that was never funded by profit-seeking investors,

and therefore the only platform that stands a chance to not turn the people of the world into economic slaves,

just to meet the quarterly profit growth demanded by Wall Street investors

as we discussed at length last week and many times before that.

 

Why has the price of the empowr coin gone down so much?

As we just discussed, based on our MAAS strategy, empowr is busy giving away its coins to millions of people, rapidly increasing the supply of its coin.

An increasing supply means that -- all else being equal -- in the short-term, one can reasonably expect the coin’s price to go down.

 

How does this compare to other coins?

On the other hand, the price of most other coins seems to go up and down simply with the price of Bitcoin and Ethereum.

Why?

Because most coins’ prices are based mostly on only one thing: The mood of crypto coin buyers.

Almost all other coins at this point are -- and have -- nothing else but a coin:

Almost all of them have no working product yet!

 

empowr, on the other hand, is the only coin that’s being rapidly distributed to not just coin buyers,

but economy producers,

meaning people that are producing and providing value to others.

 

So, again, in this current phase where we are rapidly expanding the number of coins holders,

and therefore rapidly expanding the supply of empowr coins,

you can reasonably expect the price of the coin to go down.

 

Why should I be expected to buy coins if the price is expected to go down?

First, we don’t expect you (= most people) to buy coins.

As discussed, most people receive coins from their activities in empowr, especially from posting and sharing, selling things of value to others, and from success coaching.

A small number of our citizens, however, really like to buy coins – and they are quite busy buying a lot of coins.

Where’s the clear evidence of that?

The evidence is two-fold:

The first and most obvious evidence, is that each and every time someone sells a coin,

someone else is buying a coin.

By definition, the number of coins being sold each day,

is always the exact same figure as the number of coins being bought each day.

 

The second and, perhaps just as obvious, evidence:

Simply take a quick look at the list of empowr coin holders and you can see that some people have been buying and accumulating many billions of coins for themselves.

 

OK, I can see that people are buying a lot of coins.

But why are they doing so, if they expect the price to go down in the short-term?

They buy coins because they believe in the empowr strategy and approach,

and the implications those things have for not just the people of the world,

but also for the future value of the coin.

 

They understand that the empowr community in the incredibly unique position to dominate global commerce if it continues to move fast,

and is able to intelligently get its currency (coin) into the hands of millions of people quickly. 

 

These coin buyers realize that the coin’s price may continue to drop in the short-term,

but they realize that they don’t know -- and neither does anyone else -- when the coin’s price will turn around and start to rapidly climb.

 

They understand that today, anyone – with as little as $1,000 USD – can make the coin’s price go up by 2, 3 or even 4 times in only a matter of minutes.

As more and more people learn about empowr and the empowr coin,

some of them will also become coin buyers,

and some of those new coin buyers will also decide to buy lots of coins.

 

As the number of coin buyers grows,

when the coin’s price bottoms out and begins to go up, up and up,

it will then be too late to accumulate lots of coins at the current ‘next-to-nothing’ price.

 

Some coin buyers believe that, anytime they have the money, they should keep buying and holding as many coins as they can.

When the price goes lower, they just buy more.

And if the price drops further, they buy even more.

 

Their strategy is to accumulate as many coins as they can before the world catches up with the fact that empowr is the most advanced online social economy in the world,

the only platform to have successfully fused together a social network with transaction-based marketplace, educational and political systems.

And now, the empowr platform also has the first cryptocurrency that’s BOTH uniquely stable where it needs to be:

giving economy producers peace of mind

and unstable where it needs to be:

providing potential future upside for coin buyers,

and enabling empowr to pursue rapid, mass adoption of its currency.

 

Will empowr ever do a coin swap?

Yes, we expect to do a coin swap, from time to time, so that we can ensure the coin's price stays within a target range.

(A coin swap is when you swap your coins for a new coin).

Why does the price range matter?

It matters because of costs to coin traders, stemming from cash out gas fees to costs from the 'spread' %.

(The 'spread' is the difference between the highest price a coin buyer is willing to buy, and the lowest price a seller is willing to sell. I know this might be a complicated subject for some citizens to understand, but just know that the lower the spread %, the better for coin traders).

The important thing to remember is that a coin swap has NO EFFECT on any coin holder's share of the overall supply, as empowr will make sure coin holders receive the same % of the overall supply in the swap.

Therefore, coin swaps are only a good thing for all coin holders, because it will help them cash out and trade coins at a lower cost.

You can expect a coin swap to happen once every 6 to 12 months, over the next year or two. After that, we expect a coin swap to happen much less frequently if at all.

 

The end result of empowr's strategy and approach?

An economy that starts with a skill billions of people already have (posting and sharing),

financed and built for the people, by the people,

with a built-in currency that’s quickly being distributed to economy builders (IE: labor),

as opposed to just coin buyers (IE: capital),

with 100% stability for producers in the economy (IE: labor: sellers, coaches etc.),

but with immense potential upside for coin buyers (IE: capital).

 

One last question:

Has this strategy of minting more and more coins in order to get momentum, ever been tried before?

In a way, yes, absolutely.

Just think of all the technology and other companies that have ever gone public.

When they first started out, they had a certain number of ‘shares’.

 

Then, they kept ‘printing’ more shares,

which they would sell them to investors,

in order to generate capital and expand the business.

 

Eventually, by the time they went public, they had a massively larger number of shares than when they started.

The share prices of many of these companies (think of Amazon, as an example) were in the dumps for many years, while they built up their market share.

Eventually, when they turned the corner,

like it took Amazon 10 years to do after they became a public company,

their share prices eventually exploded.

 

Take a look at how, Amazon, even as a public company, had its share price very close to $0 for a full ten years (from 1997 to 2007) after its shares became public traded...

... before it exploded: 

        What’s up with the empowr coin?

 

Well, at empowr we now have 18 years behind us,

and arguably a more complicated business than Amazon,

especially when you consider that, together, we built all of this without raising a single penny from investors.

 

In our next post, we’ll discuss

with the achievements of 2018 behind us,

why 2019 must be our break out year.

 

I’ll share details so we can all understand precisely what will need to happen,

and we’ll also discuss exactly how you can benefit, not just in the long-term,

but in the short-term.

 

Summary

With the above, hopefully we have successfully summarized the empowr coin strategy,

and answered all the questions that come to mind.

 

However, if any other questions come to mind that you think a new empowr citizen may have,

please add the question(s) in the comments below,

and we will add them to the list of questions above.

 

Then, in the next post, we will discuss The Gold Rush of 2019,

which will be our way of acknowledging that it’s been a tough year for everyone,

that the community could really benefit if we took some time to ‘lick our wounds’ a bit,

and distributed some extra rewards to our hard-working citizens that are still here,

still pushing forward despite all the challenges and obstacles that came our way in 2018,

and that still believe in the mission and what it must -- and will -- do for the people of the world.

 

Yours truly,
JC

EMPOWR HOUR YOUTUBE - LIVE STREAM - EPISODE 030

STARTING AT: 8:30am PDT (3:30pm UTC) 

EMPOWR HOUR YOUTUBE - LIVE STREAM - EPISODE 029

 

Tune in this Friday, December 28th, 2018 | 8:30pm PDT (3:30pm UTC) to speak with President Carlos!

https://www.youtube.com/c/EmpowrOfficial/live

 

 

 

Visit us on all of our social channels:
Twitter: 
https://twitter.com/EmpowrOfficial
Facebook: 
https://www.facebook.com/empowrofficial/
LinkedIn: 
https://www.linkedin.com/company/3011860
YouTube: 
https://www.youtube.com/user/empowrcorp
Reddit: 
https://www.reddit.com/user/empowr_official/
Telegram: 
https://t.me/joinchat/HSki9RFxH1fMpy4CESIfbw
Medium: 
https://medium.com/@empowr_official
Discord App: 
https://discord.gg/YXTmpHt
BitcoinTalk: 
https://bitcointalk.org/index.php?topic=3170283.new#new

 

 

Happy holidays everyone!

Last week, JC announced that soon, your empowr balances would be stabilized so that the value of your balance remains the same regardless of the empowr coin price.

Today I’m happy to announce that those features are ready to go live.

Over the next 24 hours, you’ll notice a series of updates across the site including:

1.       The stabilizing of your balance

2.       Displaying prices in your local currency

3.       Marketplace listings on-hold

 

Let’s discuss what you can expect as a result of each.

 

The stabilizing of your balance

As discussed in JC’s post, the empowr engineers will be putting in place the functionality that allows you to maintain the value of your coin balance regardless of the price of the empowr coin.

 

What you can expect

Every time you earn coins on empowr, your earnings will now maintain the same value regardless of the empowr coin price. This includes your founder coins and legacy coins.

If you are viewing your balance in empowr coins, you’ll notice that the number of coins in your balance will increase or decrease as the price of the coin fluctuates. If you are viewing your balance in your local currency (such as U.S. Dollars), however, your balance will remain the same regardless of the price of the coin.

Now you can be confident that every time you earn (from selling, coaching, hitting your goals, etc.) that the value of your balance will never fluctuate based on the price of the empowr coin.

 

Don’t know how to change the currency displayed in your balance? Just click the down arrow next to your balance at the top of any page and you can select from over 100 currencies:

Stabilizing your empowr balance

 

Displaying prices in your local currency

In addition to stabilizing everyone’s balances, the empowr engineers will also be updating the pricing logic across the site to display the price of almost everything in your favorite local currency (instead of in empowr coins):

Stabilizing your empowr balance

This update will not only make the site more user friendly for buyers, but it will also make it easier for sellers to price their listings competitively because they have full control over the cost of the item without any fluctuations due to the empowr coin price increasing or decreasing.

 

Marketplace listings on hold

With the value of your balances now intact, and the pricing of everything displayed in your local currency, we will need to reset all marketplace activity prior to December 26th so that there are not any conflicts with listings previously priced in empowr coins versus listings priced in another currency.

 

What you can expect

 

A. Marketplace listings are now displayed in your local currency

When you create a new (or edit an existing) marketplace listing, you can now store the pricing information for that listing in your local currency.

Stabilizing your empowr balance

When your listing is viewed by others on your profile or in the marketplace, they will see the cost in their own local currency based on the real-time conversion rate.

 

B.  All marketplace listings have been paused

All active fixed price and auction listings will soon be paused, and the pricing for each listing will be set to the minimum possible price in your currency.

 

To make your listings active again, simply visit your I’m Selling page, click on the listing you want to publish, and update your pricing data at the amount you wish to sell each item for.

 

C.  Sales and refunds will be added to your legacy coin balance

Any amount earned (from “item received” or refunds) from sales that were initiated prior to December 26th will be automatically added to your legacy coin balance. From there, your coins will retain their value and you can release them to your main coin balance at any time.

Any coins earned from sales initiated after December 26th will continue to be added to your main coin balance as they are earned.

 

And that’s it!

With your balances now stabilized, the empowr as you know from JC’s last post, engineers are moving their attention to some very exciting marketplace features that will make it BOTH 100 times easier for shoppers to find the products that they want, AND the same for sellers to earn profits. Stay tuned for full details on that soon!

 

Any questions? I’m here to help!

Your president,

Carlos

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