This week Electronero core will announce supporting exchanges and trading pairs!
how will you prevent Electroneum from depressing prices of ETNX for years to come when they will control close to 7 billion coins outright with a 1:1 swap? they could sell 1 million coins a day for 20 years, how will you create enough demand to sustain that, I just don't see how this coin doesn't get destroyed quickly with that looming over its head...
(quoting one of the "selling points" of this coin in the first posting of this thread)
"""another 7 billion is apparently being held up to feed the mobile miner. These extreme figures represent a big risk for users due to a large amount of capital being controlled by the ETN team"""
P.S. side note, you doubled this very problem setting some aside YOU control for the mobile miner, plus and almost equal amount set aside for you, so you tripled the problem you use as a selling point why we should use this coin.
Different token supply so we don't agree the numbers are simply not the same at ETN they conquer 56% of the token supply at ETNX we have 6% of the total token supply. Which do you choose ?
you once again are dodging the question...
with Electroneum having 7 billion ETNX under its control, how will you stop Electroneum from selling 1 million coins a day and depressing prices of ETNX for the next 20 years? thats how long it could take to sell through 7 billion...
they have no reason to keep your copy coin, so why wouldn't they sell a constant stream of them in order to use that money to fund their own coin, you keep dodging how you plan to deal with this very big reality for investors...
In the grand scale you are still not taking into consideration the new ETNX token supply of 210,000,000,000
once again you dodged the point I made... your attempt to diminish my statement as "its such a small amount of the total supply"
Somehow you think repeating yourself is going to turn over a different answer.
Thanks for the bump on the thread.
Another one of you who signed up just to post FUD here. Can everyone please be realistic and remain calm. Everything is going great. So far so good. This is a Bitcoin Talk announcement. Not an interrogation. Join Electronero on telegram
https://t.me/electronero If you have doubts you can sit this one out from here on forward. No one is stopping you. Otherwise public announcements are made on Electronero website quite often here
https://electronero.com/blog Now I'm not going to repeat myself for you. Have a nice day! Take care! Good bye
you're not going to repeat yourself not answering the question? lets make it super basic...
there are what roughly 15 billion etnx in circulation, etn owns roughly 7 billion, you roughly 7 billion, and everyone else has whatever is left, thats a fair enough estimate... so the entire problem you said about someone having to much control and quantity, is now two-fold, you and etn now have too much and everyone else has too little...
so how could you now with a straight face tell investors this is no big deal, when the problem has not gone away, it was just amplified and a new secondary winner was picked, you, to hold so many coins... but you can't stop etn from selling their 7 billion now, and they can keep doing that for DECADES at 1 million coins a day sold...
but then again, at the current value of 0.00000001 I don't see a lot of people in a rush to buy, so how is this not a gigantic issue when electroneum hasn't even begun selling off their coins which they have no reason to hold... a 7 billion coin mistake looming over this coin isn't going to disappear overnight, how is that not a huge problem?
