Here is a discussion Im having on the "Is Electroneum a Scam" topic: https://bitcointalk.org/index.php?topic=2167305.msg43678807#msg43678807Feel free to stop by and join in For one Im the Community Manager on Bitcointalk, so sure Im totally*** bias*** full disclosure
Where was Iota 10 months in? Certianly not where Iota is today. I believe they were at 10x ICO price, down from the ATH at the time of 20x I believe
ETN is down LOWER than ICO price from 20x ATH.
I certianly didnt expect much the first year. Look at it like a company. 10 months is nothing..
Think REAL time not crypto time.
They have almost 2 million registered users.
They are on pace to pass BTC in total number of users within a year.
They are gaining users at a pace faster than Facebook and Twitter at this point in their history.
They hold the patent for Instant Transactions. And before you think, "patents dont mean much on crypto", remember most vendors wont be able to accept a coin that copied it without premission.
They have a 40+ MILLION WAR CHEST, are experts in marketing, and havent started marketing yet.
Changing course and accepting ASIC gives them a VERY secure network, thats the short story why they did it
They have a plan, the team to pull off their plan, and the resources to do it.
Since the beginning, all we heard from every new coin is "Mass Adoption", but this time you have in ETN, a coin thats well on its way.
For less than a penny a piece, youd be hard pressed to find a coin with better ROI over the next year.
Since everything I just said is true, I would say that its worth some DEEP Research.
To answer the question. Its definately NOT a scam, even if you hate us lol
Dont invest more than you can afford to lose and dont mistake my posts as investment advice.
***I am not a neutral mod or admin, but ETNs Community Manager with clear bias****
I think that's fair enough and at least you have the decency to admit that you do have a bias rather than the average idiot who just spouts the same crap. So I have some questions/issues - answer as you will or not! - 2 million registered users but 150k on the mobile miner, let's generously assume that half are on iOS so what's the other 1.7 million people doing?
- They have a 'pat pending' - as you have seen on Dragons Den and many other places this isn't exactly a big deal and they haven't disclosed what is patented, if it's a patent for a very specific thing, it's not hard to side-step so do you have or know the patent number because I'd like to research it.
- How are they experts in marketing? It's Richard Ells' background, everyone goes on about Retortal Ltd, but it's nothing, the company's accounts do not paint the same picture as he does.
- ASICs do not make a network secure, currently the price is falling fast enough that if the profitability threshold is crossed, this thing will die. In the WP they made a big deal about it being ASIC-resistant and Ells very clearly turned his back on the people that got it to where it was, hobby miners with GPUs who spent their time, money, hashrate and electricity to get this to where it is and then had the gall to ask GPU miners to step up to the plate when they finally did the hard fork, only to reverse it days later. ASIC miners are no more or less loyal than GPU miners, if it's not profitable, they will go elsewhere, simple as. And I think they were under duress to re-allow ASICs (or in bed with Bitmain), as no-one, not even someone with no backbone like Ells would reverse a decision like that.
- The actual cost of a coin is not relevant, if they had hundredth the supply then it would effectively be hundred times more per coin at a given market cap. But the only thing they might have going is hype off the back of this instant payment stuff, which is still very much vapourware
- There is nothing wrong with Mass Adoption but you do not believe that is a facet and completely ignoring the technical side or the importance of people running nodes and mining is a concern? I do, I also fear that the dumbing down of mining to the level of 'any twat who can operate a smartphone' is a dangerous thing to do because people should know what they are doing and how it all works.
- IOTA has grown a lot but it had a strong dev team and took a ground up approach, did you not smell a rat when they basically copy-pasted Monero and changed XMR for ETN and Monero for Electroneum? That is mostly why the hard fork took months to achieve by which time ASICs had all but ruined it for everyone else, which is why they (GPU miners) left.
Your advice of DYOR is correct as is don't invest what you can't afford to lose but I guarantee you by the way people speak on the forums, Twitter, etc. some of them did invest money that they can't afford to lose and the absolutely steadfast opinion and loyalty is formed by fear that it might go to nothing so they hope and pray that it won't. People are still betting on this going to 50x and I reckon about the best you can expect is maybe 2-3x and that will still be based purely off hype. I don't think it's a scam but I would struggle to find a coin that has a more lacklustre dev team or a CEO that prefers to spend more time in the media than actually getting onto this - so not a scam, just hideous mismanagement and transparency. And I just wanted to add that I do hold ETN, so I think as I am effectively as close as you can be to a 'shareholder' in crypto. I'm not just someone who dislikes something for the sake of it, but having been there since day one and watched this play out, this is the conclusion I've come to. Great questions!!! - there are always 150-175k using the mobile miner these days, the rest are not currently mining at the time -Patent Info Richard Ells- "That’s right – we now have a protected patent that allows us to add bitcoin, Ethereum, monero or virtually any other cryptocurrency to our app and allow users to make instant crypto payments to any vendor who wants to have the convenience of instant check-out. This won’t be happening this year, as we want to get Electroneum (ETN) out there first into the market, but it gives us the ABILITY to provide this if the market demands it. We could therefore work with a large multinational vendor who had chosen a different cryptocurrency, but still leverage the Electroneum brand, as part of our strategy for brand dominance and growth. There’s bound to be a ton of questions and there’s bound to be a lot of people trying to claim that this can’t happen or it doesn’t exist – but I assure you that the patent is filed (patent app. Number 1805708.3) and Dentons are confident of our claims, and we are going to deliver everything we’ve said we will. This single jurisdiction patent application protects the idea we apply for global patents. It covers a number of other things too, that we’ve discovered by being the first people to ever handle this volume of cryptocurrency users in a hybrid app. Since we’ve found solutions for a lot of the problems, we’ve patented the techniques to give Electroneum the intellectual property rights, enabling us to protect the process, or even earn royalties from their use elsewhere. One of the phrases we heard last year speaking to one of the large vendors we are in discussion with was “Where is your moat?”. What they meant by this is what is to stop someone else coming along and offering the same thing. What protects the Electroneum business model (other than our massive first mover advantage)? This patent is exactly what they were after. If gives them a reason to publicly endorse us as a fintech partner, because we are following the corporate path. We are now protected. No new ICO can think “great idea” and take it, as it’s protected by global patent laws" - Rich is a marketing genius. And look at the companies like Avon and Herbalife (Richs Clients) for example, and think on how they market their products. Rich also pulled off an ICO that had the highest number of investors in crypto history Can I prove hes a marketing genius? Not really I guess, but if I were to market a crypto, he would be the one Id pick, just on how many users hes been able to pick up without the first marketing campaign that dips into the ICO money having occured yet. - going back to the ASICs was the smartest move. Sure, if the coin loses all its miners, it will die. I wouldnt worry about that. I dont see that happening. I said many months ago that I fully expect the price to dip to $.005 before it starts going back up. It takes time to build a solid team and get everything worked out with all the different partnerships, and to find, hire, and let the best PR firms in each region of the world prepare for the first real marketing push. Etc etc. It takes time to roll out what they are trying to accomplish worldwide. During this time the market will lose some faith, but it wont take so long that we will even come close to dropping far enough that we will lose all our support. In fact, we are still gaining users due to the viral effect of the mobile miner. -Instant Transaction Tech vaporware concern I hate the vaporware stage myself There is already beta testing for the Instant Transactions Tech going on within the general community. So were at beta. Past the vaporware stage - Some friendly Observations and PERSONAL market expectations --> I beleive BTC will hit $100,000 within 6 to 24 months --> During this time I believe cryptos total MC will be in the Trillions --> If these things occur, and ETN is in the Top 5, that puts ETN at $2 to $5, big IFs, but I think thats where crypto is headed. Like they say, I dont think weve seen nothing yet!!! And I do think ETN will be in the Top 5 when they have the most users of any crypto, enable the billions of people that are unbanked, the ETN app comes standard on hundreds of millions of phones, Instant Tranaction Tech is a success, etc All these things are not pie in the sky dreams. We have made progress on all these fronts. We are on pace with the patent, current already announced partnerships bringing exposure of ETN to 130 million of our partners customers (thats just the partnerships already announced so far), our partners and many of our userbase, is in the regions where many are unbanked, so market penetration is well on its way there, etc. Also, we are already halfway to passing BTC in total users. Research and stay tuned everyone!!! *Do not invest more than you can afford to lose and dont mistake my posts for investment advice* *** I am not a neutral mod or admin. I am Electroneum's Community Manager and have clear bias*** |
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Here is a quote from a discussion Im having in the "Is Electroneum a Scam" topic: https://bitcointalk.org/index.php?topic=2167305.msg43678807#msg43678807Feel free to stop by and join in the discussion. If you can, give the main reasons behind your opinions, and why you agree or disagree with comments you refer to in your response. This is one of the things they have pointed out we are not doing. Sure, some people, but for the most part, I see a well educated community that has no problem articulating itself. For one Im the Community Manager on Bitcointalk, so sure Im totally*** bias*** full disclosure
Where was Iota 10 months in? Certianly not where Iota is today. I believe they were at 10x ICO price, down from the ATH at the time of 20x I believe
ETN is down LOWER than ICO price from 20x ATH.
I certianly didnt expect much the first year. Look at it like a company. 10 months is nothing..
Think REAL time not crypto time.
They have almost 2 million registered users.
They are on pace to pass BTC in total number of users within a year.
They are gaining users at a pace faster than Facebook and Twitter at this point in their history.
They hold the patent for Instant Transactions. And before you think, "patents dont mean much on crypto", remember most vendors wont be able to accept a coin that copied it without premission.
They have a 40+ MILLION WAR CHEST, are experts in marketing, and havent started marketing yet.
Changing course and accepting ASIC gives them a VERY secure network, thats the short story why they did it
They have a plan, the team to pull off their plan, and the resources to do it.
Since the beginning, all we heard from every new coin is "Mass Adoption", but this time you have in ETN, a coin thats well on its way.
For less than a penny a piece, youd be hard pressed to find a coin with better ROI over the next year.
Since everything I just said is true, I would say that its worth some DEEP Research.
To answer the question. Its definately NOT a scam, even if you hate us lol
Dont invest more than you can afford to lose and dont mistake my posts as investment advice.
***I am not a neutral mod or admin, but ETNs Community Manager with clear bias****
I think that's fair enough and at least you have the decency to admit that you do have a bias rather than the average idiot who just spouts the same crap. So I have some questions/issues - answer as you will or not! - 2 million registered users but 150k on the mobile miner, let's generously assume that half are on iOS so what's the other 1.7 million people doing?
- They have a 'pat pending' - as you have seen on Dragons Den and many other places this isn't exactly a big deal and they haven't disclosed what is patented, if it's a patent for a very specific thing, it's not hard to side-step so do you have or know the patent number because I'd like to research it.
- How are they experts in marketing? It's Richard Ells' background, everyone goes on about Retortal Ltd, but it's nothing, the company's accounts do not paint the same picture as he does.
- ASICs do not make a network secure, currently the price is falling fast enough that if the profitability threshold is crossed, this thing will die. In the WP they made a big deal about it being ASIC-resistant and Ells very clearly turned his back on the people that got it to where it was, hobby miners with GPUs who spent their time, money, hashrate and electricity to get this to where it is and then had the gall to ask GPU miners to step up to the plate when they finally did the hard fork, only to reverse it days later. ASIC miners are no more or less loyal than GPU miners, if it's not profitable, they will go elsewhere, simple as. And I think they were under duress to re-allow ASICs (or in bed with Bitmain), as no-one, not even someone with no backbone like Ells would reverse a decision like that.
- The actual cost of a coin is not relevant, if they had hundredth the supply then it would effectively be hundred times more per coin at a given market cap. But the only thing they might have going is hype off the back of this instant payment stuff, which is still very much vapourware
- There is nothing wrong with Mass Adoption but you do not believe that is a facet and completely ignoring the technical side or the importance of people running nodes and mining is a concern? I do, I also fear that the dumbing down of mining to the level of 'any twat who can operate a smartphone' is a dangerous thing to do because people should know what they are doing and how it all works.
- IOTA has grown a lot but it had a strong dev team and took a ground up approach, did you not smell a rat when they basically copy-pasted Monero and changed XMR for ETN and Monero for Electroneum? That is mostly why the hard fork took months to achieve by which time ASICs had all but ruined it for everyone else, which is why they (GPU miners) left.
Your advice of DYOR is correct as is don't invest what you can't afford to lose but I guarantee you by the way people speak on the forums, Twitter, etc. some of them did invest money that they can't afford to lose and the absolutely steadfast opinion and loyalty is formed by fear that it might go to nothing so they hope and pray that it won't. People are still betting on this going to 50x and I reckon about the best you can expect is maybe 2-3x and that will still be based purely off hype. I don't think it's a scam but I would struggle to find a coin that has a more lacklustre dev team or a CEO that prefers to spend more time in the media than actually getting onto this - so not a scam, just hideous mismanagement and transparency. And I just wanted to add that I do hold ETN, so I think as I am effectively as close as you can be to a 'shareholder' in crypto. I'm not just someone who dislikes something for the sake of it, but having been there since day one and watched this play out, this is the conclusion I've come to. Great questions!!! - there are always 150-175k using the mobile miner these days, the rest are not currently mining at the time -Patent Info Richard Ells- "That’s right – we now have a protected patent that allows us to add bitcoin, Ethereum, monero or virtually any other cryptocurrency to our app and allow users to make instant crypto payments to any vendor who wants to have the convenience of instant check-out. This won’t be happening this year, as we want to get Electroneum (ETN) out there first into the market, but it gives us the ABILITY to provide this if the market demands it. We could therefore work with a large multinational vendor who had chosen a different cryptocurrency, but still leverage the Electroneum brand, as part of our strategy for brand dominance and growth. There’s bound to be a ton of questions and there’s bound to be a lot of people trying to claim that this can’t happen or it doesn’t exist – but I assure you that the patent is filed (patent app. Number 1805708.3) and Dentons are confident of our claims, and we are going to deliver everything we’ve said we will. This single jurisdiction patent application protects the idea we apply for global patents. It covers a number of other things too, that we’ve discovered by being the first people to ever handle this volume of cryptocurrency users in a hybrid app. Since we’ve found solutions for a lot of the problems, we’ve patented the techniques to give Electroneum the intellectual property rights, enabling us to protect the process, or even earn royalties from their use elsewhere. One of the phrases we heard last year speaking to one of the large vendors we are in discussion with was “Where is your moat?”. What they meant by this is what is to stop someone else coming along and offering the same thing. What protects the Electroneum business model (other than our massive first mover advantage)? This patent is exactly what they were after. If gives them a reason to publicly endorse us as a fintech partner, because we are following the corporate path. We are now protected. No new ICO can think “great idea” and take it, as it’s protected by global patent laws" - Rich is a marketing genius. And look at the companies like Avon and Herbalife (Richs Clients) for example, and think on how they market their products. Rich also pulled off an ICO that had the highest number of investors in crypto history Can I prove hes a marketing genius? Not really I guess, but if I were to market a crypto, he would be the one Id pick, just on how many users hes been able to pick up without the first marketing campaign that dips into the ICO money having occured yet. - going back to the ASICs was the smartest move. Sure, if the coin loses all its miners, it will die. I wouldnt worry about that. I dont see that happening. I said many months ago that I fully expect the price to dip to $.005 before it starts going back up. It takes time to build a solid team and get everything worked out with all the different partnerships, and to find, hire, and let the best PR firms in each region of the world prepare for the first real marketing push. Etc etc. It takes time to roll out what they are trying to accomplish worldwide. During this time the market will lose some faith, but it wont take so long that we will even come close to dropping far enough that we will lose all our support. In fact, we are still gaining users due to the viral effect of the mobile miner. -Instant Transaction Tech vaporware concern I hate the vaporware stage myself There is already beta testing for the Instant Transactions Tech going on within the general community. So were at beta. Past the vaporware stage - Some friendly Observations and PERSONAL market expectations --> I beleive BTC will hit $100,000 within 6 to 24 months --> During this time I believe cryptos total MC will be in the Trillions --> If these things occur, and ETN is in the Top 5, that puts ETN at $2 to $5, big IFs, but I think thats where crypto is headed. Like they say, I dont think weve seen nothing yet!!! And I do think ETN will be in the Top 5 when they have the most users of any crypto, enable the billions of people that are unbanked, the ETN app comes standard on hundreds of millions of phones, Instant Tranaction Tech is a success, etc All these things are not pie in the sky dreams. We have made progress on all these fronts. We are on pace with the patent, current already announced partnerships bringing exposure of ETN to 130 million of our partners customers (thats just the partnerships already announced so far), our partners and many of our userbase, is in the regions where many are unbanked, so market penetration is well on its way there, etc. Also, we are already halfway to passing BTC in total users. Research and stay tuned everyone!!! *Do not invest more than you can afford to lose and dont mistake my posts for investment advice* *** I am not a neutral mod or admin. I am Electroneum's Community Manager and have clear bias*** |
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Not a scam, but i am more than sure in that Electroneum's team has already dumped all their coins when the price was heavily pumped, well, it was 80% up from the actual price
Dev coins are STILL locked. So not one has been dumped |
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For one Im the Community Manager on Bitcointalk, so sure Im totally*** bias*** full disclosure
Where was Iota 10 months in? Certianly not where Iota is today. I believe they were at 10x ICO price, down from the ATH at the time of 20x I believe
ETN is down LOWER than ICO price from 20x ATH.
I certianly didnt expect much the first year. Look at it like a company. 10 months is nothing..
Think REAL time not crypto time.
They have almost 2 million registered users.
They are on pace to pass BTC in total number of users within a year.
They are gaining users at a pace faster than Facebook and Twitter at this point in their history.
They hold the patent for Instant Transactions. And before you think, "patents dont mean much on crypto", remember most vendors wont be able to accept a coin that copied it without premission.
They have a 40+ MILLION WAR CHEST, are experts in marketing, and havent started marketing yet.
Changing course and accepting ASIC gives them a VERY secure network, thats the short story why they did it
They have a plan, the team to pull off their plan, and the resources to do it.
Since the beginning, all we heard from every new coin is "Mass Adoption", but this time you have in ETN, a coin thats well on its way.
For less than a penny a piece, youd be hard pressed to find a coin with better ROI over the next year.
Since everything I just said is true, I would say that its worth some DEEP Research.
To answer the question. Its definately NOT a scam, even if you hate us lol
Dont invest more than you can afford to lose and dont mistake my posts as investment advice.
***I am not a neutral mod or admin, but ETNs Community Manager with clear bias****
I think that's fair enough and at least you have the decency to admit that you do have a bias rather than the average idiot who just spouts the same crap. So I have some questions/issues - answer as you will or not! - 2 million registered users but 150k on the mobile miner, let's generously assume that half are on iOS so what's the other 1.7 million people doing?
- They have a 'pat pending' - as you have seen on Dragons Den and many other places this isn't exactly a big deal and they haven't disclosed what is patented, if it's a patent for a very specific thing, it's not hard to side-step so do you have or know the patent number because I'd like to research it.
- How are they experts in marketing? It's Richard Ells' background, everyone goes on about Retortal Ltd, but it's nothing, the company's accounts do not paint the same picture as he does.
- ASICs do not make a network secure, currently the price is falling fast enough that if the profitability threshold is crossed, this thing will die. In the WP they made a big deal about it being ASIC-resistant and Ells very clearly turned his back on the people that got it to where it was, hobby miners with GPUs who spent their time, money, hashrate and electricity to get this to where it is and then had the gall to ask GPU miners to step up to the plate when they finally did the hard fork, only to reverse it days later. ASIC miners are no more or less loyal than GPU miners, if it's not profitable, they will go elsewhere, simple as. And I think they were under duress to re-allow ASICs (or in bed with Bitmain), as no-one, not even someone with no backbone like Ells would reverse a decision like that.
- The actual cost of a coin is not relevant, if they had hundredth the supply then it would effectively be hundred times more per coin at a given market cap. But the only thing they might have going is hype off the back of this instant payment stuff, which is still very much vapourware
- There is nothing wrong with Mass Adoption but you do not believe that is a facet and completely ignoring the technical side or the importance of people running nodes and mining is a concern? I do, I also fear that the dumbing down of mining to the level of 'any twat who can operate a smartphone' is a dangerous thing to do because people should know what they are doing and how it all works.
- IOTA has grown a lot but it had a strong dev team and took a ground up approach, did you not smell a rat when they basically copy-pasted Monero and changed XMR for ETN and Monero for Electroneum? That is mostly why the hard fork took months to achieve by which time ASICs had all but ruined it for everyone else, which is why they (GPU miners) left.
Your advice of DYOR is correct as is don't invest what you can't afford to lose but I guarantee you by the way people speak on the forums, Twitter, etc. some of them did invest money that they can't afford to lose and the absolutely steadfast opinion and loyalty is formed by fear that it might go to nothing so they hope and pray that it won't. People are still betting on this going to 50x and I reckon about the best you can expect is maybe 2-3x and that will still be based purely off hype. I don't think it's a scam but I would struggle to find a coin that has a more lacklustre dev team or a CEO that prefers to spend more time in the media than actually getting onto this - so not a scam, just hideous mismanagement and transparency. And I just wanted to add that I do hold ETN, so I think as I am effectively as close as you can be to a 'shareholder' in crypto. I'm not just someone who dislikes something for the sake of it, but having been there since day one and watched this play out, this is the conclusion I've come to. Great questions!!! - there are always 150-175k using the mobile miner these days, the rest are not currently mining at the time -Patent Info Richard Ells- "That’s right – we now have a protected patent that allows us to add bitcoin, Ethereum, monero or virtually any other cryptocurrency to our app and allow users to make instant crypto payments to any vendor who wants to have the convenience of instant check-out. This won’t be happening this year, as we want to get Electroneum (ETN) out there first into the market, but it gives us the ABILITY to provide this if the market demands it. We could therefore work with a large multinational vendor who had chosen a different cryptocurrency, but still leverage the Electroneum brand, as part of our strategy for brand dominance and growth. There’s bound to be a ton of questions and there’s bound to be a lot of people trying to claim that this can’t happen or it doesn’t exist – but I assure you that the patent is filed (patent app. Number 1805708.3) and Dentons are confident of our claims, and we are going to deliver everything we’ve said we will. This single jurisdiction patent application protects the idea we apply for global patents. It covers a number of other things too, that we’ve discovered by being the first people to ever handle this volume of cryptocurrency users in a hybrid app. Since we’ve found solutions for a lot of the problems, we’ve patented the techniques to give Electroneum the intellectual property rights, enabling us to protect the process, or even earn royalties from their use elsewhere. One of the phrases we heard last year speaking to one of the large vendors we are in discussion with was “Where is your moat?”. What they meant by this is what is to stop someone else coming along and offering the same thing. What protects the Electroneum business model (other than our massive first mover advantage)? This patent is exactly what they were after. If gives them a reason to publicly endorse us as a fintech partner, because we are following the corporate path. We are now protected. No new ICO can think “great idea” and take it, as it’s protected by global patent laws" - Rich is a marketing genius. And look at the companies like Avon and Herbalife (Richs Clients) for example, and think on how they market their products. Rich also pulled off an ICO that had the highest number of investors in crypto history Can I prove hes a marketing genius? Not really I guess, but if I were to market a crypto, he would be the one Id pick, just on how many users hes been able to pick up without the first marketing campaign that dips into the ICO money having occured yet. - going back to the ASICs was the smartest move. Sure, if the coin loses all its miners, it will die. I wouldnt worry about that. I dont see that happening. I said many months ago that I fully expect the price to dip to $.005 before it starts going back up. It takes time to build a solid team and get everything worked out with all the different partnerships, and to find, hire, and let the best PR firms in each region of the world prepare for the first real marketing push. Etc etc. It takes time to roll out what they are trying to accomplish worldwide. During this time the market will lose some faith, but it wont take so long that we will even come close to dropping far enough that we will lose all our support. In fact, we are still gaining users due to the viral effect of the mobile miner. -Instant Transaction Tech vaporware concern I hate the vaporware stage myself There is already beta testing for the Instant Transactions Tech going on within the general community. So were at beta. Past the vaporware stage - Some friendly Observations and PERSONAL market expectations --> I beleive BTC will hit $100,000 within 6 to 24 months --> During this time I believe cryptos total MC will be in the Trillions --> If these things occur, and ETN is in the Top 5, that puts ETN at $2 to $5, big IFs, but I think thats where crypto is headed. Like they say, I dont think weve seen nothing yet!!! And I do think ETN will be in the Top 5 when they have the most users of any crypto, enable the billions of people that are unbanked, the ETN app comes standard on hundreds of millions of phones, Instant Tranaction Tech is a success, etc All these things are not pie in the sky dreams. We have made progress on all these fronts. We are on pace with the patent, current already announced partnerships bringing exposure of ETN to 130 million of our partners customers (thats just the partnerships already announced so far), our partners and many of our userbase, is in the regions where many are unbanked, so market penetration is well on its way there, etc. Also, we are already halfway to passing BTC in total users. Research and stay tuned everyone!!! *Do not invest more than you can afford to lose and dont mistake my posts for investment advice* *** I am not a neutral mod or admin. I am Electroneum's Community Manager and have clear bias*** |
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I don't think that this project is scam but I've never liked this project because it aims to do something that isn't right to do, mining on smartphone isn't a good and profitable thing, it can be only ruin your devices
You are correct, you should not mine on a mobile phone for those exact reasons. It is a "mobile mining experience", basically a slow airdrop for keeping the app running. Its about even with loading a wiki page. Doesnt even lower battery life. Its marketing It aims to get new users into crypto. And its working amazing. Almost 2 million registered users and always around 150,000 to 175,000 users "mining" Pretty impressive. More the most coins total users to begin with |
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For one Im the Community Manager on Bitcointalk, so sure Im totally*** bias*** full disclosure
Look at the Top Ten list of coins with the highest ROI, and where were most of them 10 months in??
ETN is down LOWER than ICO price from 20x ATH.
I certianly didnt expect much the first year. Look at it like a company. 10 months is nothing..
Think REAL time not crypto time.
They have almost 2 million registered users.
They are on pace to pass BTC in total number of users within a year.
They are gaining users at a pace faster than Facebook and Twitter at this point in their history.
They hold the patent for Instant Transactions. And before you think, "patents dont mean much in crypto", remember most vendors wont be able to accept a coin that copied it without premission.
They have a 40+ MILLION WAR CHEST, are experts in marketing, and havent started marketing yet.
Changing course and accepting ASIC gives them a VERY secure network, thats the short story why they did it
They have a plan, the team to pull off their plan, and the resources to do it.
Since the beginning, all we heard from every new coin is "Mass Adoption", but this time you have in ETN, a coin thats well on its way.
For less than a penny a piece, I would guess that it will be way up there on the list coins with the best ROI over the next year.
Since everything I just said is true, I would say that its worth some DEEP Research.
DONT TAKE MY WORD FOR IT. hint* Start by researching their team and already announced partnerships
To answer the question. Its definately NOT a scam, even if you hate us lol
Dont invest more than you can afford to lose and dont mistake my posts as investment advice.
***I am not a neutral mod or admin, but ETNs Community Manager with clear bias****
And yes, "Be Patient" is EXACTLY what is needed here, and yes, what Rich has told everyone.
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I've noticed it's taking a long time to update, maybe in order to stay as battery and data friendly as possible? But if you press "stop" and then "start" mining again, it should update the amount. I press "stop" and then i press "start" and....nothing changes. The status is active, but the balance does not change in the last 3 days. I have no idea what happened. A couple of days ago everything worked fine. Try logging all the way out. Not just putting in your 5 digit pin, but all the way out |
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All users not satisfied with ETN should give negative trust to contraband and all electroneum staff on this forum.
Plenty of reason there:
- Using mobile miner name for airdrop software, misleading investors and newcomers
- Promising to keep the coin ASIC resistant during ICO and then going ASIC friendly
- Gaming implementations promises as top priority that never happened
- Big exchange listing promises that never happened
- Apple mining software that never happened (yes, you should have consulted Apple before announcing it)
Leaving negative trust is the only way to let other registered users know that they need to be careful with this coin.
This guy literally gave me neg trust for being the community manager of ETN Hes not in a trusted network, so it only shows up for him, bit still, I cant believe it ETN is not a scam and Ive never scammed anyone in my life. We need the Newbie Jail back. I dont know why they ever got rid of it lol No, you got the neg trust for the following reason: trilade 2018-08-04 0.10000000 Reference They are constantly using mobile mining as a reference to their air drop software. This is misleading new crypto investors and causing financial damage to them. And this is because you have made me and my friend invest with your great "mobile miner" and promises mentioned above during the ICO. And I have never said ETN is a scam. Get your facts right! Just stating, and explaining what happened to me while doing business with you. So I should get jail for this? Youre mis-using the trust system Trilade you are now banned from this topic Start your own topic if you wish You are not right I havent scammed anyone You are being asked to leave this topic Do not post here on this topic again Anyone who is to going give someone neg trust for no reason is not welcome here. Since you are new, if you continue to post here, you will be banned from the entire forum, just like the others, according to the forum rules. |
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All users not satisfied with ETN should give negative trust to contraband and all electroneum staff on this forum.
Plenty of reason there:
- Using mobile miner name for airdrop software, misleading investors and newcomers
- Promising to keep the coin ASIC resistant during ICO and then going ASIC friendly
- Gaming implementations promises as top priority that never happened
- Big exchange listing promises that never happened
- Apple mining software that never happened (yes, you should have consulted Apple before announcing it)
Leaving negative trust is the only way to let other registered users know that they need to be careful with this coin.
This guy literally gave me neg trust for being the community manager of ETN Hes not in a trusted network, so it only shows up for him, bit still, I cant believe it ETN is not a scam and Ive never scammed anyone in my life. We need the Newbie Jail back. I dont know why they ever got rid of it lol |
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That's what happens when you make your thread a moderate one lol, so you remove any kind of criticism & you leave " to the moon " kind of bullshit comments lol.Oh god, i pity the crypto noobs, i hope they don't get burned investing in this scam project. It just getting lower & lower, why is that? EASY, cu they solve nothing, YEP they solve literally nothing in this cryptosphere. Lot of big investors go burned with this CAM project, i hope noobs don't fall for their shit. Raising $50M to build a simulation app for mining  Dont delete a whole lot Censored? Not even close Should have deleted your drizzle ETN is not a scam |
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 Hi Everyone! Some great news, we're now fully live on CoinBene.com CoinBene is a large crypto exchange with a strong market position in Brazil, China, India and Malaysia (among others!). These are key markets for us, so we are extremely pleased to be working closely with CoinBene in these territories. Electroneum's Growing Profile We just got a front page feature in "Boss Magazine", a US publication aimed at innovators, industrialists and bosses! If you have time they have done an absolutely fantastic job at describing exactly what we are doing: https://thebossmagazine.com/magazine/august18/I would like to point out (as some people have asked) we did not pay for inclusion in this magazine, the article is written entirely on merit - and we are very grateful to Boss Magazine for taking such an interest in Electroneum. 2 Million Registered Users Competition
We have closed our ETN242 competition this week, where we have seen an incredible amount of social media entries and some fantastic content. If you search YouTube, Twitter, Google etc. for "ETN242" you will find a dazzling array of graphics and videos. There were over 3300 competition entries, we will be announcing the full winner list next week, but three of the "spot prize" winners that are worth a watch are: Celine Halpin https://www.youtube.com/watch?v=HhXnXqvFOg8GOLD RUSH XXI Bitcoin https://www.youtube.com/watch?v=6LAO8Bs1EdUAdam Harley https://youtu.be/ugSr5eNmAlc1000+ Instant Payment BETA applicants Our instant payment vendor API system is in the final stage of internal testing before rolling out to our BETA applicants. We've had over 1000 vendors apply to accept Electroneum. This is an incredible level of interest and reflects the enthusiasm out there from the retail world for ETN. It's worth noting that we have not started marketing for users OR for vendors yet, so this is entirely from viral growth. We are so excited to get this system live.Have a great day everyone, Richard Ells Founder, Electroneum.com PS - Yesterday I was interviewed by Mick Ambrose from the YouTube channel AllAboutTech. He will be releasing snippets from that interview next week. Follow his channel and hopefully I'll be answering many of the questions that you might have about our plans for the future. |
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lol ya especially after they switched back to ASIC mining to appease them and others.... guess it didn't work out so good. Actually it seems to work out way better as the GPU debacle than back. At least the coin is 51% attack secure. Actually one of the very view ones that can no longer be 51% attacked. That alone is a huge success and only a handfull coins/projects including ETN is at least safe from nicehash 51% attacks. As far as the 51% attack, its more in theory than a real event. In 5 1/2 years I've never known of an intentional attack on a coin that was worth anything. There was a time with BTC a fork happened unintentionally but was quickly identified and miners took action to correct. And that was in the CPU/GPU days If anyone can identify an attack that resulted in the true takeover of a coin by an entity with malicious intentions please link it here. Id like to know, always a chance I missed it lol You know that when someone speaks/writes about 51% attacks it includes all kind of attacks, beginning from time spoofing up to selfish mining attacks, as with all you need for a given time bigger % of the nethash. A pure 51% take over attack is the worst case, doesn't mean that the other attacks are much better, as every successfull attack is just bad for a given project. A project being secure from whatever such attacks is a huge advantage only a view coins have and right now ETN is one of these view coins/tokesn/projects that due the huge asic hashrate can not longer be attacked. If you need info about 2018 successfull attacks, let me know, can write you a list with at least 20 coins and multi 10M damage/stollen/hacked/spoofed/ coins. EXACTLY!! Couldnt have said it better myself!!! And on a side note, theyve had a Monero Dev hired for months now, along with other highly capable Devs in the crypto space. Those that think theyre lacking in Tech, have been listening to way too much FUD. Though they didnt plan to fork and then fork right back, other than that, they havent made "mistakes", just decisions some dont agree with because they are taking actions as if this is a startup, not just launching a coin. Remember, were still growing and continuing to add users at a faster pace than Facebook and Twitter did at this time in their history!! We are also still on pace to be the coin with the most active users within a year from now. Already, in less than a year, we are more than halfway to passing BTC in total number of users. |
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Dont worry everyone Its still very early Very funny clip tho |
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I use Mobile Miner on Samsung Note 2 at 30.xx h/s but a day can only earn 0.0x ETN, anyone know why ?  Something is wrong. That is NOT normal at all. Is it the first one? I installed on 5 smartphones : - Oppo N3 : speed ~ 30h/s - earn ~ 5 ETN/day - Samsung J7 Pro : speed ~ 30h/s - earn ~ 0.0x ETN/day - Samsung Note 2 : speed ~ 30h/s - earn ~ 0.0x ETN/day - Samsung S3 : speed ~ 30h/s - earn ~ 0.0x ETN/day - Samsung S7 Edge : speed ~ 30h/s - earn ~ 0.0x ETN/day I do not know what the cause is, only Oppo N3 is working normally. Are they all using the same account, maybe it's one device per account which would make sense ? No, I use 5 smartphones with 5 different accounts !!! They said they had a way for stopping ppl using multiple phones, so it looks like something tripped that protection. I know others have been able to use a few phones. Maybe you got the other 4 flagged for trying to use more than one phone. I get information from dev that 1 IP can use up to 5 devices, so why is it flagged? Im not even sure it is flagged. Open a ticket |
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ETN is set to hit an all time low and still sinking. I've even forgotten how this used to be one of the most hyped projects in late 2017. It's now a thing of the past after a well coordinated initial pump. It has been followed by an ever declining price and volume. Glad I sold my stash when I did. The mobile miner is even below par in my opinion.
And in the short term, do not you believe in the project? I think the onus is on the dev team. But they just say nothing anymore.. Here are some links quoted from page before this one, of the Dev Teams recent communications. These updates are put out on a regular basis |
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I use Mobile Miner on Samsung Note 2 at 30.xx h/s but a day can only earn 0.0x ETN, anyone know why ? Something is wrong. That is NOT normal at all. Is it the first one? I installed on 5 smartphones : - Oppo N3 : speed ~ 30h/s - earn ~ 5 ETN/day - Samsung J7 Pro : speed ~ 30h/s - earn ~ 0.0x ETN/day - Samsung Note 2 : speed ~ 30h/s - earn ~ 0.0x ETN/day - Samsung S3 : speed ~ 30h/s - earn ~ 0.0x ETN/day - Samsung S7 Edge : speed ~ 30h/s - earn ~ 0.0x ETN/day I do not know what the cause is, only Oppo N3 is working normally. Are they all using the same account, maybe it's one device per account which would make sense ? No, I use 5 smartphones with 5 different accounts !!! They said they had a way for stopping ppl using multiple phones, so it looks like something tripped that protection. I know others have been able to use a few phones. Maybe you got the other 4 flagged for trying to use more than one phone. |
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It's too early to judge them, although they are not living up to our expectation this is the most hype coin last year and one of the most successful ICO too, but no Ico investors have lost here yet because at the current price it's the Ico price, and remember you have a bonus plus a referral earnings as well, let's wait a few more months.
Bitconnect and Tezos were pretty hyped up too, you know! It's not a scam, the use of mobile phones for mining could be absolutely revolutionary for crypto if it is done properly, it would bring so many people in to the market who are interested in gaining some passive income.
Except it's not done properly, it's fully centralised, controlled by the dev team who can't barely pull a functional app out their backsides. And then to add insult to injury, they've allowed ASICs back on the network which shuts out GPU miners and is another step away from decentralisation. The hash power was TOO CENTRALIZED without the ASICs that why they switched back. ETN will be in the top 10 withing 12-24 months And where do you think the MC of all cryptos will be at by then? And ETN is at ICO prices? Do the math on the ROI |
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Keeping up with the video updates?
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Exciting things happening Its very early still Price is slightly above ICO levels, so this is a great time to get in at the ground floor. Get in while we're at the ground floor, sure, but the elevator might get us to the basement!  I'm just kidding, you know I'm supporting Electroneum since its early days. I just wanted to point out that there might be a floor or two under the ground, but since we're in a skyscraper I wouldn't risk losing the elavator to the top just because someone from the basement might call it. Man I'd be good at poetry!Yes, I expect this as well. I also expect us to be in the Top 10 of all cryptos when we reach the point where we have the most users of any crypto. Most likely in a year. We will most likely also see the MC of all cryptos to go 5x to 10x in this period of time. If these things happen, do the math on what the ROI will be |
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