I don't want to post negative comments but I have a question
When I first read about Electroneum I followed some blogs and forums and eventually found a chat where someone said that the mobile mining is not actually mining (adding blocks to the network etc) because real mobile mining would be way to intense on a mobile phone, draining your battery real quick. It's more like a simulation making it look like you are actually mining. Also a mobile processor is so weak it would take such a long time to actually mine something. Charging your phone might be more expensive compared to the energy your phone uses to mine a coin. I found some reviews including this one that also says the mining thing "might" not actually be mining and that this was just a way to gain massive attention for the ICO .
https://www.youtube.com/watch?v=yHPPt0LKFH8can anyone prove me wrong?
please know that I am investing a little into it because I believe focusing on easy to use wallets will be important for future cryptos
It's been stated numerous times that it's not actually mining. It's just going to analyze your processing power of your phone and then airdrop you coins every so often. It's in the FAQs section and have been answered a ton of times. It's meant for viral marketing and to encourage users to join. It uses as much power and data as loading a Wikipedia page. Yes, the main component and appeal of Electroneum is ease of use and the gateway for cryptos for beginners. It's not targeted towards the technically inclined. Mass adoption on a coin with general user appeal is very important, so I'm glad that they're doing it this way. If it's easy to use and can generate crypto, it will create hype and more people will join. Based on their website and beta app so far, I can see this going pretty well. The UI is as clean as it gets and understanding it is what's going to attract people. Whether it be a few ETN here and there or hundreds (based on ICO leftovers), people who want to get into cryptocurrency will have a chance. They won't have to go through a daunting task of sending information to an exchange. They won't have to abide by so many numbers and private keys. They don't have to pay the exuberant fees that Coinbase charges for their ease of use and beginner friendly site. The transactions that are done through the ETN blockchain will require no fees, so the ETN they earn from using the app will be theirs. P2P Transactions is standard with apps such as PayPal, Venmo, Square, Google Wallet, etc., but with the fees and banking that follows, ETN eliminates all of that. No bank is needed and that is why it's targeted towards those without banks. Imagine the third-world countries where not a lot of people use the banking systems there. They can earn, trade, and sell their ETN for tangible goods. They can make transactions 24/7 a day without the need for fiat currency. The potential in this endeavor is astronomical. If they pull off the marketing aspect, which I'm confident they will, and get the app to hundreds of thousands, if not millions, of people, the growth and value of each coin will be insane.