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How is this different/better than other PoS-masternode coins, like pivx? or is this just another copy, trying to gain some hype by having "bitcoin" in its name?
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Bitconnect has lots of cash and I believe they will buy back BCC and prop up the markets.
Sure.. They will buy back BCC... When i will became the president of America.  You do know that America is a continent... don't you?  No, I don't you fucking idiot. "Make America Great Again" (MAGA) is a campaign slogan for President Donald Trump. Is he saying Make USA great again? No asshole, he is saying Make America Great Again. Go to your fucking school and come back later again you clueless idiot. Trump saying "Make America great again" does not make "president of America" a valid title, that office still does not exist. Or maybe I am missing some sarcastic joke here. |
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When will coin reach exchanges?
This is from their FAQ section on webpage. When will Universa be listed on exchanges?We do not have any comments with regard to exchanges.I am interested about this coin too. Are they trying to compete with ETH,EOS,ADA,NEO and others that are focusing Dapps and Smart Contracts ? Yes I think so, but probably more corporate and business oriented than for example ETH, so maybe more of a competitor to NEO (also partly because they seem focused on Asia). But they also claim very high transaction speed/tps and are very focused on obtaining banking partnerships, so maybe also competing with ripple, so like a ripple with smart contracts maybe? Idk, time will tell. |
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can someone explain this retirement coin thing?
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Are there any plans of trying to get some sort of endorsement or partnerships with Christian groups/churches?
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I don't really understand this coin. In my opinion (and I have also been thinking about how a cryptocurrency on Mars should work before I found this one), a cryptocurrency on mars SHOULD BE STARTED ON MARS. Not on earth. That makes much more sense, and also with such short block time it is going to be very hard to keep copies of the block chain both on mars and on earth. If there is mining on both planets the blockchain would easily branch into two copies, right? Moreover, mining takes a lot of electricity which will be scarce on mars, it would make more sense to have a proof of stake coin.
I like the idea of thinking about a cryptocurrency on mars, but I don't think (and also don't hope) it will be marscoin.
Do you know some people on Mars who can start a cryptocurrency there? Maybe this coin more for publicity. Only 4 million coins on the exchange and synch is difficult so it does look like a temporary pump but Mars is a popular theme now and could attract the public. Nope. That is why it (in my opinion) should not be started until there is a settlement on Mars with enough infrastructure to start a (preferably PoS) cryptocurrency. |
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I don't really understand this coin. In my opinion (and I have also been thinking about how a cryptocurrency on Mars should work before I found this one), a cryptocurrency on mars SHOULD BE STARTED ON MARS. Not on earth. That makes much more sense, and also with such short block time it is going to be very hard to keep copies of the block chain both on mars and on earth. If there is mining on both planets the blockchain would easily branch into two copies, right? Moreover, mining takes a lot of electricity which will be scarce on mars, it would make more sense to have a proof of stake coin.
I like the idea of thinking about a cryptocurrency on mars, but I don't think (and also don't hope) it will be marscoin.
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Well at least Electroneum has a new interesting feature (mobile mining). What does Fonero have, that Monero does not have? |
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What does fonero have that monero does not have?
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Not sure if it was a coincidence, but I also constantly had that overloaded message and I deleted and re-installed the app and never seen it again.
Oh really, I should try that then. I am however still seriously concerned to the ETN decision of using this kind of "bank account wallet" You don't have to use the online wallet, just create an offline wallet and then transfer your ETN to it. Of course I don't have to. But MOST new people WILL use the online wallet, since electroneums main audience are new users and mass adoption. So this IS a big security risk, because if the electroneum servers gets hacked, hundreds of thousands of people might lose their funds and that will definitely have a negative effect on electroneums reputation and mass adoption aim. |
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total supply 15 billion? is this a new record?
No, ripple and doge have more for example |
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Not sure if it was a coincidence, but I also constantly had that overloaded message and I deleted and re-installed the app and never seen it again.
Oh really, I should try that then. I am however still seriously concerned to the ETN decision of using this kind of "bank account wallet" |
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I have now tried to access the Electroneum app several times during the last couple of days, and every time it says that their servers are overloaded and I should try later.
I don't understand why they are using an online wallet where the private key is stored on an ETN server instead of being stored locally. First of all it is stupid because it makes it like a bank/exchange and goes against the whole point of cryptocurrencies. But right now the biggest problem seems to be that their servers are overloaded so we can't use their wallet anyway. This is an obstacle they have to solve if the main aim for ETN is mass adoption by a very large user base.
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What many of you don't know is the important of decimal placing.
ETN, no doubt has a big supply at 24 billion total coins, but the decimal is only 2 so in actuality etn would be very + very undervalued even at 1$
What are you talking about? One ETN is the same % of the total amount of ETN regardless of the numbers of decimals, the only effect few decimals have is that the smallest amount one can transfer will be higher and transaction fees can not be as low as for other coins (which I hardly think is an advantage). |
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just because here are a lot of people new to crypto, I want to share my thoughts. Online wallets are dangerous and defeat the purpose of a blockchain, because theire centralized and following reasons:
single point of failure:
All access the same point, you will need a hell of infrastructure just to run this online wallet, atleast if the coin gets big (which is kinda a joke if you think about that you have a blockchain that allready provide such an infrastructure). Attacks (no matter what type) have a good starting point, with this centralized wallet.
trust:
All your private keys for the blockchain are in the hand of a single company. I know all of you love the ETN team, but one fuck up and all is gone. Think about Mt.Gox or recently nicehash, nothing is 100% secured, so atleast make it hard for the crooks that want your coins. Why is the online wallet not open source ? Why didnt they release the source before going online, so the comunity could figure out holes ? They profit massivly on opensource by forking the work of monero and then decide to close source their wallet. Now its properly to late to publish the source because its to risky.
support:
If somthing is wrong, only the etn team can help you, think about how many users it supposed to get, they will need a huge team. Opensource software for Monero (ETN to come) have a huge comunity (even own stackexchange site) that can help you out.
If you really want to use a online wallet, only put as much coins on it as you willing to loose. I dont get why they would fork monero for "the masses". There aren't any light wallets, and because of the structure of Monero its hard to fasten things up, because their main point is privacy and ring transactions.
A blockchain is unhackable because you have thousands of nodes and its hard to even start an attack, you would atleast find a leak in the node software. There is no authority, that can take your coins away, it's a comunity running system, that is getting more secured with every user. So dont try to centralize a blockchain.
And to all the miners: dont use a pool that is close or even over 50% of the hashrate (IT IS NOT MORE PROFITABLE), it just opens the blockchains for attacks, dont even get me starting on this one.
It is your responsibility to keep your coins safe! Don't let this be the next big Crypto-Breach, because the etn team is great at markting !
Yes I posted similar concerns here recently. I was actually kind of shocked when I noticed that we are supposed to use their online wallet as a real wallet, I thought we would be forced to transfer the ICO coins to a local wallet where we actually control the private keys (like it has been with every other ICO I participated in). Even more shocking, not even the mobile wallet seems to have the option to use an encrypted wallet file stored locally on the phone. As you say, what is the point of using a cryptocurrency if all private keys are being managed by a centralized authority anyway? |
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So for both the app and the online wallet, the private key is stored on an Electroneum server? That sounds very insecure, if Electroneum is compromised you lose your coins. It is then just like a bank or like a crypto exchange. At least the mobile app should store an encrypted wallet file locally, that kind of decentralization is the whole point of a cryptocurrency. Can someone comment on this or did I completely misunderstand something?
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What the hell happened with the price this morning?  |
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OK now I cant get past this "We could not send you an SMS at this time. Please check your mobile telephone number and try again."...
same |
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Jeeez 1 day 31 mins from now I'll be in a cinema watching midnight showing of Last Jedi.
The timing could not be worse.
The ETN launch is midday, not midnight. Did you mind asking him his time zone? yea...well...shame on me  |
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Jeeez 1 day 31 mins from now I'll be in a cinema watching midnight showing of Last Jedi.
The timing could not be worse.
The ETN launch is midday, not midnight. |
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