[POR]⚡ELECTRONEUM⚡Official Moderated Thread

[AngeIPrincess]

Did anyone obtain tokens? I've not however

[1715323549]

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[1715323549]

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[kurret]

Is this 12.6 Billion premined for ICO?

https://blockexplorer.electroneum.com/block/1

For ICO and the mobile miner

[kurret]

Isn't it amazing?

Just two and a half weeks ago, hype and positivity were through the roof.
Now, it's like civil war, there are those screaming scam and those screaming, "ETN will NEVER let us down!"

Look, there is obviously something wrong, and it is obviously more than just a hack attempt.

First off, blockchain technology is immutable.  Our coins are not on the website, they are on the blockchain.
No one can hack it unless they have your personal keys.
So in order for hackers to be able to steal our ETN there would have to be a problem with the online wallet where hackers can go in and extract our keys.
If there was a chance for this to happen this flat out means that the wallets are not ready.

...and the official mining pools aren't ready
...and the blockchain explorer isn't ready

So to me, it just looks like they didn't have a strong tech team and missed the nov. 1st deadline completely and are now finishing it up.

well, ok, so stuff that like happens and it doesn't matter as long as we eventually get our coins yeah?

The thing is, a huge component of ETNs success was hype, and now a lot of it is dead and gone.

So now me, a day one ICO investor, is rather upset.  I think it is reasonable to be upset and unreasonable to blindly still think ETN to the MOOOOOOON!

What are you talking about? The coins are not in separate wallets on the block chain. All ICO coins are (as far as we know) on one address that was premined on block 1, controlled by the electroneum team. Every investors coins "are on the website" in the sense that they are just numbers in some register somewhere on one of electroneums server and will be converted to coins on the block chain later when the electroneum team is done with their security fixes.

[nysefloortrader]

Nice video from a guy who went to Electroneum office : https://www.youtube.com/watch?v=BGmcE1U_070

great post, I was not panicked anyway, it seems we just gotta wait 3-4 weeks,

Our coins are all secure, and fine and cosy in cotton, on the blockchain, so we do not have to panic.

Great video, I think people need to watch it, richard E and team are quite transparent.

This will be huge. :-)  Buying more on cryptopia today. NICE!


VID here ==>  https://www.youtube.com/watch?v=BGmcE1U_070

[B-MoneyXcan]

Most don't bother to read/view or even search for updates to come to a conclusion. The dev team is obviously no joke. Just be patient and take a lesson from this ICO experience.

[zello]

The only Electroneum mining pool supporting mining behind a proxy and restrictive firewall (Stratum port 80).
Powerfull DDOS protected server able to handle tens of thousands of connects. Location - Frankfurt

http://etnpool.info

Zero fees, NiceHash support (port 8888)!

[coyote50]

Wonder how many flippers are stewing they've put their 'make a quick profit funds' into this coin and now have to deal with forced hodl for a month having opportunities elsewhere come and go before their eyes.

Great lesson here, don't bank on getting rich on ICO hype for a quick buck. Seek repentance from baby jesus for being a dirty stinking low life maggot flipper.

Hodl 4 Lyfe.

probably a lot of tards put their rent money into this and assumed they would be millionaires by the time their landlord got around to evicting them 

[exciter.0]

I watched the video and came to the conclusion that none of them are  crypto dev - web dev most likely. Why? No one had a MacBook! 

Nice video from a guy who went to Electroneum office : https://www.youtube.com/watch?v=BGmcE1U_070

great post, I was not panicked anyway, it seems we just gotta wait 3-4 weeks,

Our coins are all secure, and fine and cosy in cotton, on the blockchain, so we do not have to panic.

Great video, I think people need to watch it, richard E and team are quite transparent.

This will be huge. :-)  Buying more on cryptopia today. NICE!


VID here ==>  https://www.youtube.com/watch?v=BGmcE1U_070

[nysefloortrader]

I watched the video and came to the conclusion that none of them are  crypto dev - web dev most likely. Why? No one had a MacBook! 

burn! lol,,..... u r naughty lol

[bluehalk]

I watched the video and came to the conclusion that none of them are  crypto dev - web dev most likely. Why? No one had a MacBook! 

What? no macbook? well that says it all. How can you qualify as a crypto dev without using macbook.

[chocopapaya]

Isn't it amazing?

Just two and a half weeks ago, hype and positivity were through the roof.
Now, it's like civil war, there are those screaming scam and those screaming, "ETN will NEVER let us down!"

Look, there is obviously something wrong, and it is obviously more than just a hack attempt.

First off, blockchain technology is immutable.  Our coins are not on the website, they are on the blockchain.
No one can hack it unless they have your personal keys.
So in order for hackers to be able to steal our ETN there would have to be a problem with the online wallet where hackers can go in and extract our keys.
If there was a chance for this to happen this flat out means that the wallets are not ready.

...and the official mining pools aren't ready
...and the blockchain explorer isn't ready

So to me, it just looks like they didn't have a strong tech team and missed the nov. 1st deadline completely and are now finishing it up.

well, ok, so stuff that like happens and it doesn't matter as long as we eventually get our coins yeah?

The thing is, a huge component of ETNs success was hype, and now a lot of it is dead and gone.

So now me, a day one ICO investor, is rather upset.  I think it is reasonable to be upset and unreasonable to blindly still think ETN to the MOOOOOOON!

What are you talking about? The coins are not in separate wallets on the block chain. All ICO coins are (as far as we know) on one address that was premined on block 1, controlled by the electroneum team. Every investors coins "are on the website" in the sense that they are just numbers in some register somewhere on one of electroneums server and will be converted to coins on the block chain later when the electroneum team is done with their security fixes.

Actually I agree with you except for the last part.
Exactly, the coins are still in a wallet, whether it is controlled by the team or not or whether it was premined or not, and wallets are just "addresses" that represent the coins that are on the blockchain. and the only way to move those coins around is by using the key of the wallet where the coins are.  So I agree with you, they "are on the website" but it's just numbers, coins are always on the blockchain, that is the technology.  So unless the dev that knows the keys accidentally gives them out after a night of drunken karaoke they can't be hacked.

However, you can't convert data on a server into coins on a block chain, that is just not how blockchains work.  coins are rewarded after solving complex algorithms and discovering blocks, it's the only way.  So companies will premine a set amount of coins, store them in their wallet, then allocate a percentage of them to be available for ico investors.  All of the coins that were premined and sitting in the devs wallet (they are actually on the blockchain though) can be transferred anytime to another address.  ICOs "releasing" the coin is really just using a simple hash and daemon to transfer those coins to investor's wallets.

If security was the issue than that would mean that the online wallets that are supposed to be released are vulnerable to hacks and people getting your keys because paper wallets are nearly impossible to hack unless you are an idiot and leave your keys saved on a document on your computer or something.

Well, anyways, this is the basics of blockchain technology.  It what makes crypto so special

[Opurum]

Nice video from a guy who went to Electroneum office : https://www.youtube.com/watch?v=BGmcE1U_070

great post, I was not panicked anyway, it seems we just gotta wait 3-4 weeks,

Our coins are all secure, and fine and cosy in cotton, on the blockchain, so we do not have to panic.

Great video, I think people need to watch it, richard E and team are quite transparent.

This will be huge. :-)  Buying more on cryptopia today. NICE!


VID here ==>  https://www.youtube.com/watch?v=BGmcE1U_070

I have watched the Video and I am convinced that my money is safe with electroneum. However, I think the team is not telling the whole truth on what is happening for whatever reasons. The team had announced on its official blog on the 28th of Oct. there decision to switch to Monero from the original Bytecoin based algorithm, and for obvious reasons that was not to be a mean task. But they probably lied when they claimed in the said blog post that the Monero switch was done and dusted and ready for the launch of electroneum. My take is that they are currently working on the Monero fork. The hack story is mere cover up. Smart Brits!

[cafetools]

.035 cents is still 3.5-5.5 times my initial investment ICO price?

So if i put in 10,000 dollars at ICO price I would have about 35k- 55k?

[Isaaq.Almaguer]

.035 cents is still 3.5-5.5 times my initial investment ICO price?

So if i put in 10,000 dollars at ICO price I would have about 35k- 55k?

That is correct, however, you won't be accessing your funds for now, so you can't get that amount, once the funds are released, many people will want to cash out, just like you, so imagine what will happen to the price.

[cafetools]

.035 cents is still 3.5-5.5 times my initial investment ICO price?

So if i put in 10,000 dollars at ICO price I would have about 35k- 55k?

That is correct, however, you won't be accessing your funds for now, so you can't get that amount, once the funds are released, many people will want to cash out, just like you, so imagine what will happen to the price.

That is a failed resoning. Here are your fails:

1. Since this ICO started and ended the marketcap of the market/ Bitcoin has doubled!

2. Once these are tradeable it will be listed on more exchanges.

3. Once people get thier NOV 12 free Bitcoin gold money will start flowing back into ALTS!

4. Mobile mining/ way more advertisment since ICO closed.

5. The .04 current price is exactly what people are willing to pay, for mined coins! Mined coins = free coins. I am suprised your thinking is backwards. You have no idea what your talking about stop spreading FUD.

6. ETN's price will likley be .50 + in 3 months once on 3+ exchanges!

[AshCoins]

My hope with the 3-4 week delay is the devs realized what a stupid decision it was to allow people to mine and sell before the ico tokens were released and are trying to secure a big name exchange to announce and jack up demand right before the release.

[armaggedon]

Stop crying folks look at minexcoin, they were delayed to be on exchange for a month, look at whre it is now its sitting on $6
Be patient!

[spreewel]

For sure price will go very low after ICO release at this moment I am mining 6000 ETN daily some selling, some hodling.

[XmasJohn08]

Where I can sell 73900 ETN?

[online987659329]

Where I can sell 73900 ETN?

https://www.cryptopia.co.nz/Exchange/?market=ETN_BTC