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Topic: [ANN][EFL] Electronic Gulden - NEWS! - ANDROID WALLET AVAILABLE! - page 3. (Read 106061 times)

full member
Activity: 177
Merit: 100
For those wondering why it's been so quiet in here

I guess the reason is rather the ever decreasing price of EFL

And it doesn't stop dropping Sad. Lost over 1 BTC on this coin, which is a lot for me, hope it bounces back sometime.
Saved half of coins and sold half at huge loss.
full member
Activity: 184
Merit: 100
For those wondering why it's been so quiet in here

I guess the reason is rather the ever decreasing price of EFL
member
Activity: 70
Merit: 10
For those wondering why it's been so quiet in here, we have send a newsletter to over 15.000 dutch citizens that claimed 50 EFL on our website and told them to move over to our own community forums.

--

Voor diegene die zich afvragen waarom het hier de afgelopen dagen zo stil is. We hebben onze discussies verplaatst naar ons eigen community forum. Maak een account, stel jezelf voor en denk mee over de toekomst van de E-gulden. We horen graag wat van je!


link: http://forum.e-gulden.com/index.php
member
Activity: 94
Merit: 10

EFL is for trading not for use, I said this 2 weeks ago. NLG will be used more at merchants because like you say there is going to be a lot more so will work better as a currency and Merchants will see this fast no matter how many newspaper articles that come out.



The more there are the lower their value; Technically EFL and NLG are equivalent but there will be 80-times more NLG, whatever the unit you use; Looking at http://coinmarketcap.com/all.html and following their "current supply" NLG only outpaces EFL by a factor of 21, but factor 80 is the way to look at them.

If you were to buy the Blackvue DR500GW-HD You would Pay about Btc0.8, Eu290, $400,  Efl40000 and Nlg400000 ; Nlg is currently the least convenient I would say  (The opposite of works better). If they were to sell five of those devices for Efl they would hold about 1/100th of the entire Efl economy;  What a deflationary power !





I disagree, based on the above EFL should have 4 times higher value then litecoin now, litecoin should only be 1/4 less valuable the bitcoin? That's not how it works or 42 would be the best crypto. There is coins with 20 times the supply of others that trade for a lot higher. It all comes down to what people see has value.

Look at Dogecoin, trades almost the same as NLG and has over 60 billion coins in circulation, NLG has +- 40 million, dogecoin was producing over 700 million coins a day before the block reward halved.

To Add both EFL and NLG price can go up much higher!


Ok, I am just trying to reason here. The Efl-Nlg case should be easy to compare, because they bare many similarities. Comparable release date, same area etc. Off course you should consider the network power (very large with Doge) : http://bitinfocharts.com/comparison/hashrate-ltc-doge-ftc.html . it's still fragile with Efl (100 Mh/s) but with Nlg ? I see their prime pool got hacked (http://guldencoin.miners-pool.com/)  and I don't have a clue what there hashing power is right now.

Maybe it's just a merchants business and too early to tell, but it's interesting as well



hero member
Activity: 637
Merit: 500

EFL is for trading not for use, I said this 2 weeks ago. NLG will be used more at merchants because like you say there is going to be a lot more so will work better as a currency and Merchants will see this fast no matter how many newspaper articles that come out.



The more there are the lower their value; Technically EFL and NLG are equivalent but there will be 80-times more NLG, whatever the unit you use; Looking at http://coinmarketcap.com/all.html and following their "current supply" NLG only outpaces EFL by a factor of 21, but factor 80 is the way to look at them.

If you were to buy the Blackvue DR500GW-HD You would Pay about Btc0.8, Eu290, $400,  Efl40000 and Nlg400000 ; Nlg is currently the least convenient I would say  (The opposite of works better). If they were to sell five of those devices for Efl they would hold about 1/100th of the entire Efl economy;  What a deflationary power !





I disagree, based on the above EFL should have 4 times higher value then litecoin now, litecoin should only be 1/4 less valuable the bitcoin? That's not how it works or 42 would be the best crypto. There is coins with 20 times the supply of others that trade for a lot higher. It all comes down to what people see has value.

Look at Dogecoin, trades almost the same as NLG and has over 60 billion coins in circulation, NLG has +- 40 million, dogecoin was producing over 700 million coins a day before the block reward halved.

To Add both EFL and NLG price can go up much higher!


member
Activity: 94
Merit: 10

EFL is for trading not for use, I said this 2 weeks ago. NLG will be used more at merchants because like you say there is going to be a lot more so will work better as a currency and Merchants will see this fast no matter how many newspaper articles that come out.



The more there are the lower their value; Technically EFL and NLG are equivalent but there will be 80-times more NLG, whatever the unit you use; Looking at http://coinmarketcap.com/all.html and following their "current supply" NLG only outpaces EFL by a factor of 21, but factor 80 is the way to look at them.

If you were to buy the Blackvue DR500GW-HD You would Pay about Btc0.8, Eu290, $400,  Efl40000 and Nlg400000 ; Nlg is currently the least convenient I would say  (The opposite of works better). If they were to sell five of those devices for Efl they would hold about 1/100th of the entire Efl economy;  What a deflationary power !



full member
Activity: 154
Merit: 100
I really should have sold my EFL...
hero member
Activity: 637
Merit: 500
We are happy to announce that Carcams.eu started to accept E-gulden! Good to see that more and more merchants are contacting us and want to adopt E-gulden.




Take this Merchant for example, who will honestly give away EFL to buy something here.

Like me you will hold EFL because you hope price goes to the moon.
hero member
Activity: 637
Merit: 500
It looks like everybody is on holiday and is spending his EFL's, because it is so quiet here and the price is dropping steadily. Yesterday one post here and none yet today.
http://forum.e-gulden.com/ is even more quiet.

On bittrex there are 17490 Efl's available for only 0.4 BTC (150 Euro). Imagine this is about 1/1000 of the entire future EFL-economy.

Off course there are those who are mining, but their numbers are limited too and those who are left are getting over-saturated I guess : About 50 people right now receiving 30.000 EFL per day in total. They are doing the network a favour and to cover the hardware cost they probably need to sell some coins.

This means we don't need merchants and online spending mechanisms right now but believers who buy some EFL's to save for times when the currency gets stronger (or merchants that save off-course). There are some 100 days left till the 25 EFL/minute mining-fee will drop to 12.5 and less EFL's will poor into the exechanges, so in the mean while the EFL's just need to be bought (very cheap). Who remembers the days when Bitcoin was this cheap (and was less certain to succeed, because technically the protocol is proven now) ?




Check your numers 30*24*25= 18000EFL per day
210000-62000= 148000 blocks until reward halving = 200 days (1480000/720)

About price: 0,1% of the total coins can be bought for 250 euro's, so the total economy represents 250K, I think that's about right, the coins don't really circulate besides the air drop going on and some small speculation, so you could even say the EFL economy is somewhat overpriced.

You must be right ! Electronicgulden was talking about 1 minute (https://bitcointalksearch.org/topic/m.5790638) and http://egulden.miners-pool.eu/index.php mentions "Block Time: 60 seconds" . A quick check on  http://cryptoblox.com/chain/Electronic%20Gulden?count=2016 shows me 692 blocks in one day. This confirms your 30*24;  Dont bother to look in the source. Quite a relief though.

If you consider 250K overpriced for the future EFL-economy you are not much of a believer, or a (very) short term invester. What I consider overpriced is the marketcap of guldencoin as calculated on http://coinmarketcap.com/all.html. I think people don't realise there will be 100 times more of those than EFL's



EFL is for trading not for use, I said this 2 weeks ago. NLG will be used more at merchants because like you say there is going to be a lot more so will work better as a currency and Merchants will see this fast no matter how many newspaper articles that come out.

member
Activity: 94
Merit: 10
It looks like everybody is on holiday and is spending his EFL's, because it is so quiet here and the price is dropping steadily. Yesterday one post here and none yet today.
http://forum.e-gulden.com/ is even more quiet.

On bittrex there are 17490 Efl's available for only 0.4 BTC (150 Euro). Imagine this is about 1/1000 of the entire future EFL-economy.

Off course there are those who are mining, but their numbers are limited too and those who are left are getting over-saturated I guess : About 50 people right now receiving 30.000 EFL per day in total. They are doing the network a favour and to cover the hardware cost they probably need to sell some coins.

This means we don't need merchants and online spending mechanisms right now but believers who buy some EFL's to save for times when the currency gets stronger (or merchants that save off-course). There are some 100 days left till the 25 EFL/minute mining-fee will drop to 12.5 and less EFL's will poor into the exechanges, so in the mean while the EFL's just need to be bought (very cheap). Who remembers the days when Bitcoin was this cheap (and was less certain to succeed, because technically the protocol is proven now) ?




Check your numers 30*24*25= 18000EFL per day
210000-62000= 148000 blocks until reward halving = 200 days (1480000/720)

About price: 0,1% of the total coins can be bought for 250 euro's, so the total economy represents 250K, I think that's about right, the coins don't really circulate besides the air drop going on and some small speculation, so you could even say the EFL economy is somewhat overpriced.

You must be right ! Electronicgulden was talking about 1 minute (https://bitcointalksearch.org/topic/m.5790638) and http://egulden.miners-pool.eu/index.php mentions "Block Time: 60 seconds" . A quick check on  http://cryptoblox.com/chain/Electronic%20Gulden?count=2016 shows me 692 blocks in one day. This confirms your 30*24;  Dont bother to look in the source. Quite a relief though.

If you consider 250K overpriced for the future EFL-economy you are not much of a believer, or a (very) short term invester. What I consider overpriced is the marketcap of guldencoin as calculated on http://coinmarketcap.com/all.html. I think people don't realise there will be 100 times more of those than EFL's

member
Activity: 70
Merit: 10
Hi all,

Quick update: Our first newsletter has been send to over 15.000 dutch citizens that claimed their share of EFL on our website. We encourage everybody to join our community and talk about the future of EFL together!

Link: http://us8.campaign-archive1.com/?u=9d39eef3879f40685d0811381&id=bdca974b49

Cheers,

team E-gulden.com
hero member
Activity: 2562
Merit: 577
It looks like everybody is on holiday and is spending his EFL's, because it is so quiet here and the price is dropping steadily. Yesterday one post here and none yet today.
http://forum.e-gulden.com/ is even more quiet.

On bittrex there are 17490 Efl's available for only 0.4 BTC (150 Euro). Imagine this is about 1/1000 of the entire future EFL-economy.

Off course there are those who are mining, but their numbers are limited too and those who are left are getting over-saturated I guess : About 50 people right now receiving 30.000 EFL per day in total. They are doing the network a favour and to cover the hardware cost they probably need to sell some coins.

This means we don't need merchants and online spending mechanisms right now but believers who buy some EFL's to save for times when the currency gets stronger (or merchants that save off-course). There are some 100 days left till the 25 EFL/minute mining-fee will drop to 12.5 and less EFL's will poor into the exechanges, so in the mean while the EFL's just need to be bought (very cheap). Who remembers the days when Bitcoin was this cheap (and was less certain to succeed, because technically the protocol is proven now) ?




Check your numers 30*24*25= 18000EFL per day
210000-62000= 148000 blocks until reward halving = 200 days (1480000/720)

About price: 0,1% of the total coins can be bought for 250 euro's, so the total economy represents 250K, I think that's about right, the coins don't really circulate besides the air drop going on and some small speculation, so you could even say the EFL economy is somewhat overpriced.
hero member
Activity: 588
Merit: 500
Will Bitcoin Rise Again to $60,000?
hero member
Activity: 637
Merit: 500
I'll happily take all those EFL for that price  Grin

Yes good price imo, I normally see price of Spaincoin and take lead from that price to see where EFL is headed since the supply is the same. You can make money off both Spain and EFL if you time things
right and be patient.
sr. member
Activity: 381
Merit: 250
I'll happily take all those EFL for that price  Grin
hero member
Activity: 611
Merit: 500
Anglo Saxon Crypto Enthusiast
This is a great coin to mine right now, especially for someone like me without a lot of hashpower... It might not be so great if you are going to try to sell your coins straight away, but it's good to mine and hold while things are quiet.
member
Activity: 94
Merit: 10
It looks like everybody is on holiday and is spending his EFL's, because it is so quiet here and the price is dropping steadily. Yesterday one post here and none yet today.
http://forum.e-gulden.com/ is even more quiet.

On bittrex there are 17490 Efl's available for only 0.4 BTC (150 Euro). Imagine this is about 1/1000 of the entire future EFL-economy.

Off course there are those who are mining, but their numbers are limited too and those who are left are getting over-saturated I guess : About 50 people right now receiving 30.000 EFL per day in total. They are doing the network a favour and to cover the hardware cost they probably need to sell some coins.

This means we don't need merchants and online spending mechanisms right now but believers who buy some EFL's to save for times when the currency gets stronger (or merchants that save off-course). There are some 100 days left till the 25 EFL/minute mining-fee will drop to 12.5 and less EFL's will poor into the exechanges, so in the mean while the EFL's just need to be bought (very cheap). Who remembers the days when Bitcoin was this cheap (and was less certain to succeed, because technically the protocol is proven now) ?




No one is going to use EFL to spend with merchants, too few coins at current price. I buy camera at merchant now and I will just be making the merchant rich.

It will also look bad if merchants stop accepting EFL because no one is buying. EFL is a great for trading but not for spending, no one going to part with EFL at these prices.

If prices descent somebody is selling / parts with EFL
hero member
Activity: 637
Merit: 500
It looks like everybody is on holiday and is spending his EFL's, because it is so quiet here and the price is dropping steadily. Yesterday one post here and none yet today.
http://forum.e-gulden.com/ is even more quiet.

On bittrex there are 17490 Efl's available for only 0.4 BTC (150 Euro). Imagine this is about 1/1000 of the entire future EFL-economy.

Off course there are those who are mining, but their numbers are limited too and those who are left are getting over-saturated I guess : About 50 people right now receiving 30.000 EFL per day in total. They are doing the network a favour and to cover the hardware cost they probably need to sell some coins.

This means we don't need merchants and online spending mechanisms right now but believers who buy some EFL's to save for times when the currency gets stronger (or merchants that save off-course). There are some 100 days left till the 25 EFL/minute mining-fee will drop to 12.5 and less EFL's will poor into the exechanges, so in the mean while the EFL's just need to be bought (very cheap). Who remembers the days when Bitcoin was this cheap (and was less certain to succeed, because technically the protocol is proven now) ?




No one is going to use EFL to spend with merchants, too few coins at current price. I buy camera at merchant now and I will just be making the merchant rich.

It will also look bad if merchants stop accepting EFL because no one is buying. EFL is a great for trading but not for spending, no one going to part with EFL at these prices.
member
Activity: 94
Merit: 10

Just to add : Buy 0,4 BTC now ?

just follow this link : https://bitonic.nl/?refcode=tu3zq_130086 (0,5% affiliate fee for me)

or choose from http://bitcoinprijzen.nl/btcvergelijken

member
Activity: 94
Merit: 10
It looks like everybody is on holiday and is spending his EFL's, because it is so quiet here and the price is dropping steadily. Yesterday one post here and none yet today.
http://forum.e-gulden.com/ is even more quiet.

On bittrex there are 17490 Efl's available for only 0.4 BTC (150 Euro). Imagine this is about 1/1000 of the entire future EFL-economy.

Off course there are those who are mining, but their numbers are limited too and those who are left are getting over-saturated I guess : About 50 people right now receiving 30.000 EFL per day in total. They are doing the network a favour and to cover the hardware cost they probably need to sell some coins.

This means we don't need merchants and online spending mechanisms right now but believers who buy some EFL's to save for times when the currency gets stronger (or merchants that save off-course). There are some 100 days left till the 25 EFL/minute mining-fee will drop to 12.5 and less EFL's will poor into the exechanges, so in the mean while the EFL's just need to be bought (very cheap). Who remembers the days when Bitcoin was this cheap (and was less certain to succeed, because technically the protocol is proven now) ?


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