all this sounds really strange to me.
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What Cryptocurency? The one you are selling now in ICO? You started it in 2015? If you did, why you did not announced here few weeks ago so people could mine.
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You did what?
Why on earth you did that and not add improvements that "third most commitments added to github in 2015 and 2016" of all coins Monero added to Cryptonote?
I sort of dont believe what I am reading but, I am tired will focus more tomorrow. In general not sure what is the point of anything. LOL
I'm interested what will the answers be in the above questions by the team?
Now, I have to do my own research and dig more substantial info for this one.
seems a little bit shady.
the concept on using mobile phones to mine coins is just not appealing to those who already experience mining using asic and gpus. I am interested how will they do it to make people mine a coin using mobile phone profitable. Actually nice concept, people just need clarifications.
I can assure you there is nothing "a little bit shady" about Electroneum or our team. We are a real team of really dedicated coders!
We (the cryptocurrency community) will never become widely adopted with the level of technical skills that are currently required to use an ASIC or GPU miners. Plus the cost for entry for those platforms is HUGE.
Our blockchain was only being developed for FUN initially!! This idea has developed out of a bunch of quite geeky guys, developing something in their spare time.
Half my Retortal team (I own a large digital agency called SiteWizard and a very large social media management platform called Retortal) started to get involved tinkering around.
Once we realised we could actually launch our own cryptocurrency we put the brakes on and said "hang on, how are we DIFFERENT". There are PLENTY of forks of monero or bytecoin. What makes ours FANTASTICALLY different is the app we've developed that allows mobile mining. We now have a CLEAN, UNMINED blockchain being launched (i.e. we haven't mined the heck out of it for personal gain). That's an exciting oppotunity for mobile, cpu and gpu miners on the day it goes fully live (1st November 2017)!
You (people on this forum) might think of mining, GPU mining, and ASIC mining as trivial - but it really isn't - we are all VERY technical people. Even the people on here that are really un-technical are 1000s of times MORE technical than the average person on the street.
What we have developed is a super simple app that allows people to download (free) and start a mining experience with ZERO technical knowledge.
Sure, they are not going to earn the same number of coins that desktop CPU miners earn, and they won't earn as many coins as the GPU miners (even though we are trying to limit GPU mining via our blockchain - please see Smooth Emission in the Technical White Paper -
http://electroneum.com/technical-white-paper.pdf).
People who experience MOBILE mining are quite probably taking their first steps into cryptocurrency. This is GREAT for cryptocurrencies in general.
Electroneum will introduce millions of new cryptocurrency users because of it's simplicity. Some of them will go on to mine with CPU and GPU rigs. ALL of them will have their eyes opened to the world of cryptocurrency that WE all take a little bit for granted!
It's an exciting time - and we have plans to gain millions (or hopefully tens and hundreds of millions) of new users of cryptocurrency from around the world.
If you have any concerns, it's best to voice them - but we are anything but "shady".
Have a great day!
Richard.
