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We’ve now reached the 100-day mark since the launch of our coin.

As we’ve discussed, the empowr community has had a relatively ‘hands on’ approach with regards to the price of our coin, ensuring it has enjoyed low volatility.  Indeed, we’ve experienced the most stable growth of any coin since our launch as a result.

empowr continues to be an alpha-phase project

That means we must continue to innovate and try new things and, after absorbing some advice from economics advisors, I believe it may be time to experiment with setting our coin free, at least temporarily so our next president can make informed decisions as a result of this test.

Specifically, I am suggesting that, starting tomorrow morning – at the same time our election (voting) process for your next president opens -- we allow our coin to rise and fall as it wants to, with the push and pull of free market dynamics.

If we need to, we can and will stop the experiment. As of now, we have strong reason to believe that this approach might strongly benefit our coin, economy and citizens.  Therefore, allowing our coin to behave as it wants to, appears to be a viable experiment that, at the very minimum, will provide us some valuable experience and knowledge and, at most, will accelerate the success of our virtuous cycle.

We will learn a lot from this experiment. There will be learnings and distinctions relating to how sellers should set prices for their products and services that, no doubt, we will all gain. Again, it is only through this type of trial and error that we’ll end up with the most solid currency and economy.

I am sure your next president can and will decide whether to make this experiment “permanent” or change course.

Please let me know if you have any questions, pushback or thoughts.

I will see you tomorrow, in the YouTube livestream where I’m sure we will discuss the above, the election and anything else on your minds.  

Voting starts tomorrow (immediately after the livestream) so be sure to check out all the candidates and ask them your questions so you can make the most knowledgeable decision when you vote:

 

Your President,

Brian

188 Comments
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Gupta Sri

Thanks for the update, Brian. It's important to experiment ! Good move.. Let's see how things go.

9 months ago
Katherine Nlcitizen

Happy news, thNK YOU FOR THAT PRES. BRiAN but does the coin will be manually transferred or it will be auto transfer to our external wallet?

9 months ago
Angel Rodriguez Ortega

Thank you for the update Brian.

9 months ago
Patric De Nooijer

Thank you Brian, 1 dollar rise in 12 hour, Now let's see what happens if the 30 day maturation will be removed, people will start trading and the coin will be A Live and on fire. Let it rise, Let it rise.. Thank you Empowr team.

9 months ago
Mohi P

Thank you, Brian! It is indeed a great choice to try new things and get even more experienced.

9 months ago
Alex Aurora

Thank you Brian and cannot wait for the stream :)

9 months ago
Pete Moss

Awesome Brian thank you and empowr team re the coin that's a bold step OK let's see what happens (as long as you guys are around to protect it if it's too volatile ) - awesome re the election thanks candidates I really look forward to voting thanks Brian see you on the live stream, best

9 months ago
Lana Ferra

Thank you, Brian! It will be an exciting experiment!

9 months ago
Patrick Ogbogbo

Thanks for the update Brian.

9 months ago
Sudeshna Dasgupta

Thanks for the update Brian

9 months ago
Sonia Madubuko

Thanks a lot, Brian, Everything is working out greatly ..Most stable coin $3.81

9 months ago
Liliya Herman

Thanks for good news.

9 months ago
Elena Ivantsova

Thanks for the update Brian.

9 months ago
Ola Yinka

Thank you Brian, see you tomorrow on the live stream

9 months ago
Teri Sologoub

An election related question Brian.
Who qualifies to vote and how is the voting process conducted. This is my first election on Empowr. Thanks...

9 months ago
Brian C Woosley

Everyone can vote - you can vote for up to 5 candidates in the first round. Just go here: https://secure.empowr.com/PremiumBlogs/Governance.aspx

Voting starts in 2 hours! :)

9 months ago
Susan O.

Thanks for the update Brian, it is good to experiment!

9 months ago
Ayman Abusaa

Thanks for the update Brian.

9 months ago
Barry

Thanks Brian for the update. Sounds like a good idea, and as you said that it is not set in stone so could be amended as required. Let's try it.

9 months ago
Roy Mitchell

Thanks for the update i like the test to see what they think of empowr and the coin

9 months ago
Deborah Rolon

Thanks for the update Brian.

9 months ago
Edwin Edwards

Thanks for the update Brian.

9 months ago
Delwyn Viggars

Thanks for update I twill be interesting to follow how this goes

9 months ago
George Oliveira

Innovating and trying new things is the secret for any company to grow and stay in the financial market for a long time and to guarantee a competition with the big companies that are already leading.
Empowr will not be different, we will grow and continue to evolve until we leave the Alpha phase.

9 months ago
George Oliveira

As always, good news !! the currency flowing freely will be a good experience to know how it behaved in the financial market of crypto-currencies.

9 months ago
Catherine Sandiford

Thank you so much Brian for introducing this experiment of exposing EMPR to the free market! Thank you JC as well for sharing the Blog on "The Technology Hype Cycle" on December 22, 2018 http://blogs.empowr.com/p?jlm49-the-technology-hype-cycle

I am hoping that the time we have taken to delay the release of the coin into the free market would help to minimize the "Trough of Disillusionment" mentioned in JC''s Blog, or avoid it altogether, and reach our "inflection point" sooner. That would mean that the world sees the value in the economy and marketplace that supports the empowr coin, and the price of the coin will take off . The best is yet to come!

9 months ago
Naresh Patel

Thanks for the update Brian. It will be very intelligent experiment letting coin go on it's own.

9 months ago
Nadezda Jevstafjeva

A wonderful update. Thanks Brian

9 months ago
Lyuba Kuzmina

Thanks for the update Brian.

9 months ago
Regina Talamor

Thanks for the update Brian!

9 months ago
Crispina Palopalo

Thank you Pres. Brian and to all. This is definitely a great idea introducing empowr coin to the free market. It'll be an exciting journey with the combination of the new president's approach.. Excited to see how empr coin performs. Good luck to all the candidates.

9 months ago
Agha Nnamdi

Thanks Brian for the update.

Is letting the coin loose at this time the best thing to do?

Will empowr citizens get access to their coins so that we can all experiment at the same time? That will be the way to go.

9 months ago
Brian C Woosley

Agha,
As discussed in our post last week - we're in the process of lowering maturation, opening up transfer outs and more - so yes, everyone will be having more access to coins.

9 months ago
Agha Nnamdi

Thanks, Brian, for the response.

I appreciate you.

9 months ago
Irina Omelchenko

Thank you, Brian! This is very exciting, but the need for this step is clear. I believe in you, Believe in Us and Believe in our coin!

9 months ago
Diane Liggins

Thanks for the update Brian, an interesting experiment!

9 months ago
Peter Bechtold

Nothing on earth could excite me more than this update. Thanks so much and see you in the morning for sure!

9 months ago
George Kendall

Thanks for the update Brian. I think it will be very interesting to see what our coin can do on it's own!

9 months ago
Kevin Dupree

Thanks for the UPdate.. Good Timing on the Experiment... It will give u a good gauge on how the coin
will behave on its own..

9 months ago
Tatyana Okuneva

Brian, Thanks for the update. Good luck in the experiment.

9 months ago
Anna Sveshnikova

Brian, Thanks for the update. Good luck to all in the experiment.

9 months ago
Manjot Singh

Thanks Brian for the updates!

9 months ago
Anitnelav 2013

Thank you Brian for the update

9 months ago
Yuliana .

Thank you for the update, Brian.

9 months ago
Peter Friesen

Thanks for the update Brian. It will be interesting to see what the coin does when it is set free.

9 months ago
Nasir Malik

Thank you for the update and the suggestion of allowing the coin to float seems sensible to me as it allows the coin to start finding its truer value

9 months ago
Mohammed Rafiqul Islam Islam

Hi Brian, Thanks for update. Please show the video how it will work, because many of us not understand.

9 months ago
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