Now it looks like you really took the time to a proper investigation.
However, here are my investigation results:
Now my.electroneum.com needs KYC, this is ridiculous.
Did you ever do a serious business? Buying toilet paper completely anonymous only works at your local toilet paper dealer.
Whenever you do business online, i.e. ebay, Amazon, Facebook, online banking, you always have to put your name at a minimum as well as address details and some form of payment.
So, no. It's not ridicculous, it's just serious.
The toilet paper is more expensive than 100etn per month. Facebook, Amazon and Ebay they gain our confidence before KYC and NOT enforced the confidence to their customers like electroneum ltd that is a main difference, also they sell real services or goods and not s***coins like etn with speculated value. So do not compare Facebook, Amazon, Ebay, Google etc with electroneum ltd.
The electroneum ltd company needs your full personal details to make cloud mining with smartphone for a small amount of cents per month!
Nope. Only if your total amount is or was or will be (based on Amazon AWS analytics) above a certain treshold in a certain timeframe.
For further information about the tresholds, please refer to the jurisdiction of your local neighborhood.
Do you mean that the 120etn in 50 days needs the KYC right?
The electroneum ltd has contracts with chinese mining giants for cheep mining in China, that's why the coin does not have the monero algo CryptonightR and has cryptonight7 an ASIC mining algo, because they have to have mined the coins in order to share free (!) to smartphone cloud miners.
All the ETNs that are being distributed through the cloud miners were premined. Which is and never was a secret at all.
No need to pay money to anyone to have them mine any coins for that cloud miner ETN pool.
In regards to the hashing algo, Electroneum is based on the original monero code which is based on Cryptonight.
I'm pretty sure you meant that, right? Because everybody knows, there's currently no Asic available for Cryptonight7.
True, is premined 8.2B ETN for mobile mining but all we know that mobile mining is a fake. Last months they want to change the 'mobile mining' to 'cloud mining' but if the etn amount for mobile app users was premined, their marketing campaign about cloud mining or smartphone mining is fake. Are they serious company? It is not shame for their, to tell that is an airdrop.
Maybe you do not read the next post.
Yes that's right, it's original cryptonight algo, they decide to alter from cryptonight7 in 2018 July to allow ASIC mining
The whole electroneum crypto project is for failure after the continuous Ethereum crash and the british economy crash after brexit.
Electroneum has nothing to do with Ethereum.
The electroneum coin is based on ERC20 tokens.
Nope, Electroneum is a coin based on its own blockchain.
And as you mentioned yourself above, it's even a completely differnt Hashing algorithm.
Ethereum is Ethash which is based on SHA-3
Electroneum is based on Cryptonight.
True the erc20 is a scam
https://etherscan.io/token/0x81f89694ac96fefd794cb2c8526d2bd8da74b1fb and
https://www.facebook.com/electroneum/posts/1908477476080888So they will decide to sell your full personal details that they have acquired via KYC, for marketing purposes if it is needed.
That would be against GDPR. Since they do serious business they have to honor the law as well as everbody else (i.e ebay, Amazon, Facebook)
Your personal details have value don't sell it for just a little cents to suspicious start ups.
I fully support that statement!
But Electroneum is not a suspicious startup. They are a real company.
Or are you refering to Yoti again? Use Google. They are a real company as well and aren't suspicious at all.
(via yoti, just another bankrupt british start-up company with a negative net worth of 27 million pounds)
Did you miss the article, that Yoti is even being used by the Scottish Government and is being implemented on hundreds of websites proving the age of UK residencies?
I have to admit, I did not find any financial information about this private company. So I assume you are of of their employees? Or how do know whether or not they do negative business?
Νo one is guilty until proven like Cryptopia, Cambridge Analytica, Mt. Gox etc. They make also serious business before.
If you interest about yoti here the docs in public
https://companycheck.co.uk/company/08998951/YOTI-LTD/financials#key-financials and I am not previous or current yoti employee or somewhat tax auditor.
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