[POR]⚡ELECTRONEUM⚡Official Moderated Thread

[trilade]

Can anybody suggest the ETN mining pool with low difficulty? (not more 5000) This is needed for CPU mining.

Hm, I think you're better off mining Monero with your CPU at this point. ETN is dominated by ASICs and you won't be able to compete with them.

I am aware the white-paper says otherwise:

We have deliberately avoided using
a blockchain that can be mined with
super powerful ASICs (the way all
Bitcoin are mined) and created a
blockchain that can be mined with
CPUs, which enables the AVERAGE
person to get involved.

However, the ETN team decided to allow ASICs a few months ago. If you wish to be able to collect ETN you may try using the mobile miner (airdrop) instead.

Obviously they don't want AVERAGE people to get involved in issuing new coins

[revenant2017]

I logged into my web wallet and there are no coins it's empty with some message to give them government ID's and my balance is 0. Says they locked my wallet to upgrade to payment system or something. Whats' going on why are my coins not available?

I would not risk to give my identity or any identification documents just to create your own wallet. Stay away from ETN. Shady and risky.

[cyberspacemonkey]

I logged into my web wallet and there are no coins it's empty with some message to give them government ID's and my balance is 0. Says they locked my wallet to upgrade to payment system or something. Whats' going on why are my coins not available?

I would not risk to give my identity or any identification documents just to create your own wallet. Stay away from ETN. Shady and risky.

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

[boxalex]

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

IF every cryptocurrency should be as bitcoin than there is no need to have other cryptocurrencies at all. People that want to have a have a copy of bitcoin should
just stay with Bitcoin, easy and simply as that.

I personally like different approaches by different crypto currencies. If someone isn't fine with KYC than indeed currencies like Monero and an exchange like tradeorgre are
a better fit. And for people like me, that don't have problems with KYC and aim for a mass adoption currency are fine with ETN, again easy and simple as that.

[KimberlyGB]

I logged into my web wallet and there are no coins it's empty with some message to give them government ID's and my balance is 0. Says they locked my wallet to upgrade to payment system or something. Whats' going on why are my coins not available?

I would not risk to give my identity or any identification documents just to create your own wallet. Stay away from ETN. Shady and risky.

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

Most likely associated with fiat money, if you do not transfer money to fiat, then you can not do.

[dogtana]

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

IF every cryptocurrency should be as bitcoin than there is no need to have other cryptocurrencies at all. People that want to have a have a copy of bitcoin should
just stay with Bitcoin, easy and simply as that.

I personally like different approaches by different crypto currencies. If someone isn't fine with KYC than indeed currencies like Monero and an exchange like tradeorgre are
a better fit. And for people like me, that don't have problems with KYC and aim for a mass adoption currency are fine with ETN, again easy and simple as that.

I have to agree with this. While I won't do KYC before I am ready to cash out, a lot of people took this as really great news, feel more comfortable with it like everything is clean and in turn with regulations.

[cyberspacemonkey]

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

IF every cryptocurrency should be as bitcoin than there is no need to have other cryptocurrencies at all. People that want to have a have a copy of bitcoin should
just stay with Bitcoin, easy and simply as that.

I personally like different approaches by different crypto currencies. If someone isn't fine with KYC than indeed currencies like Monero and an exchange like tradeorgre are
a better fit. And for people like me, that don't have problems with KYC and aim for a mass adoption currency are fine with ETN, again easy and simple as that.

I have to agree with this. While I won't do KYC before I am ready to cash out, a lot of people took this as really great news, feel more comfortable with it like everything is clean and in turn with regulations.

I just don't like how shady it was, it took everyone by surprise, I think it would've been better if they announced it before they started implementing it.

[TropicalDog]

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

Nevertheless, it is the only way governments can make their impacts on crypto ecosystem.
Local authorities don't want to stay outside without any action.
I guess this is why KYC launched to control crypto ecosystem at somewhat extents.

[Xandan]

In order to become partner with regularized businesses they need to introduce KYC and this is what we are watching centralized exchanges doing the same thing. Absolutely true they adopted Monero's code to assure maximum privacy and didn't assumed what they can confront and now they are going against the fundamental rules introduced by them. On the other hand good thing is they are giving time to people to sell or move their ETN those don't want to share their documents. I also have sold out and keep little on exchange continuously.

[cyberspacemonkey]

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

Nevertheless, it is the only way governments can make their impacts on crypto ecosystem.
Local authorities don't want to stay outside without any action.
I guess this is why KYC launched to control crypto ecosystem at somewhat extents.

I reckon you're right. It's unfortunate, but it's the price some cryptocurrencies have to pay to become massively adopted.

[xenia4774]

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

IF every cryptocurrency should be as bitcoin than there is no need to have other cryptocurrencies at all. People that want to have a have a copy of bitcoin should
just stay with Bitcoin, easy and simply as that.

I personally like different approaches by different crypto currencies. If someone isn't fine with KYC than indeed currencies like Monero and an exchange like tradeorgre are
a better fit. And for people like me, that don't have problems with KYC and aim for a mass adoption currency are fine with ETN, again easy and simple as that.

I have to agree with this. While I won't do KYC before I am ready to cash out, a lot of people took this as really great news, feel more comfortable with it like everything is clean and in turn with regulations.

I just don't like how shady it was, it took everyone by surprise, I think it would've been better if they announced it before they started implementing it.

They did say they were going to do it ahead of time

[xenia4774]

I have to say that this is a very good community!!

Contraband had me watching the thread and I had his email in case something went sideways when he was on vacation.

Great job to Contraband and the ETN community on BCT here!!

He will be back tomorrow I believe!!

[dogtana]

I think Kyc goes against some of the reasons why bitcoin and cryptocurrencies were created, if you have a small balance you can just do level 1 kyc and withdraw.

IF every cryptocurrency should be as bitcoin than there is no need to have other cryptocurrencies at all. People that want to have a have a copy of bitcoin should
just stay with Bitcoin, easy and simply as that.

I personally like different approaches by different crypto currencies. If someone isn't fine with KYC than indeed currencies like Monero and an exchange like tradeorgre are
a better fit. And for people like me, that don't have problems with KYC and aim for a mass adoption currency are fine with ETN, again easy and simple as that.

I have to agree with this. While I won't do KYC before I am ready to cash out, a lot of people took this as really great news, feel more comfortable with it like everything is clean and in turn with regulations.

I just don't like how shady it was, it took everyone by surprise, I think it would've been better if they announced it before they started implementing it.

They did say they were going to do it ahead of time

True, they did. I was able to move the coins to paper wallet until I am ready to sell them. You just need to properly follow the project and you will know what you need to know. It is due dilligence to follow your investments anyway.

[CharlieCox]

I just don't like how shady it was, it took everyone by surprise, I think it would've been better if they announced it before they started implementing it.

I think it would have been better if they announced it during the ICO clearly written in the white paper.

[CORNEL]

I just don't like how shady it was, it took everyone by surprise, I think it would've been better if they announced it before they started implementing it.

I think it would have been better if they announced it during the ICO clearly written in the white paper.

https://electroneum.com/overview-white-paper.pdf

Unfortunately I missed to read this in official whitepaper can you help us to find where it has been written in details. This will be really helpful for the community to stop complaining about that implementation of KYC.

[dogtana]

I just don't like how shady it was, it took everyone by surprise, I think it would've been better if they announced it before they started implementing it.

I think it would have been better if they announced it during the ICO clearly written in the white paper.

https://electroneum.com/overview-white-paper.pdf

Unfortunately I missed to read this in official whitepaper can you help us to find where it has been written in details. This will be really helpful for the community to stop complaining about that implementation of KYC.

I am pretty sure it is not in original whitepaper. But I see no reason for devs not to adapt to reality of wide adoption. Especially if it brings profit to investors by increasing coin price and value. I have said it before, if one is not laundering money or doing something illegal, regulation is not a bad thing.

That said, ETN dev better have a good data protection plan in place. They are responsible for data protection as I am sure they must be well aware of.

[Adriano2010]

Hi. Can someone answer to one of my question. If i have 5 phones all mining ETN and ETN will reach 1$ or 1€ i will have 150 ETN (150$ or 150€) every month/1 phone and this will bypass limit 150€/3 months, and if i will make KYC in one phone, do i need do KYC on the others phones or is enough putting my name on others accounts? Or how i should proceed? Do KYC on all phones with my details?

[Locker5000]

ETN is an amazing company, if you study it. You will find a secret undervalued coin.


ETN website looks mega professional. Also the graphic design looks like it should be worth 10 times more than where it is right now.

The team have all linkedin profile. Amazing how it looks so professional.

[princethesinger]

Hello I cant access my wallet.....confirmation email from web site not received....any ideas

[bitcircle]

Hello I cant access my wallet.....confirmation email from web site not received....any ideas

If you are using mail services of Mircosoft or Yahoo than it could take very long time to receive that confirmation email otherwise I don't such kind of issue to get confirmation code. Have patience there is not the problem from this platform.