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Cryptographic money will be the bedrock in time.
I have a take on the future value of electroneum....
Any one that has been involved in network or telecommunications technology knows that the basic "value" of any network grows proportional to 2^n. This is also known as Metcalfe's law. (Look it up). This is a rule that has been understood well since the early era of telecommunications. Believe it or not, people used to scoff at the idea that the telephone would ever be that useful because in the early days, there weren't that many of them around and they were very expensive to implement. So, when people and organizations looked at buying into the technology, the cost to value ratio seemed so high. Of course, we see this dilemma with every network ever built. For example, if one is to look at the value of Facebook on February 4, 2004 when Mark Zuckerberg released it to the public, at one point, there were only 2 people using it. At that point it was not worth very much but impregnated in the source code DNA (which even Zuckerberg admitted he didn't know the power of at the time), was the inherent tendency for the system to go viral. The key ingredients for Facebook viral effect were the "relationship status" and the fact that you initially had to have a @harvard.edu email address to be allowed on the system. Turns out that the whole world wanted to be on a network where they could discover the relationship status of the "high value" Harvard grads. When that caught on, in a very short period of time, every Harvard student had signed up and Mark Zuckerberg needed to find more fresh meat. They naturally expanded exclusively to one ivy league school after another and then on to more public universities. Eventually it was published for worldwide use, but this caused a "crystalline-like" growth structure which is also known as the largest social network in the world. It currently has a market value of over 500 billion USD. If you really think about it, Facebook is just a network comprised of 1s and 0s and each and every participant in the network, added together, create its overall value. The primary value of that network is in its DNA. Facebook is uniquely comprised of people using their real names and seems to be an overlay of the real world interactions we all have. That was its secret to success.
Every network has to be evaluated for its inherent ability to go viral. But what about cryptocurrency? All crypto assets are networks but they are not always necessarily viral in nature. They all improve in value as the number of participants increases. We have seen bitcoin grow at a slow viral pace for several years. Network viral spread can grow rapidly at first and then flame out as we have seen in many fad-like systems (e.g. hotornot.com). It can take many years to increase in popularity, but still be viral in nature (the internet itself), and then develop rapid adoption. All of us are familiar with these growth patterns.
So all of us have high hopes in electroneum and believe it can go viral. We have seen numerous systems go viral as piggy-backs to known viral systems such as tinder or pinterest. In the case of electroneum, the developers have sensed that a system needed to be built to piggy-back on the smartphone sensation. Nobody has done this before. When I told my son (in passing) about this new electroneum idea, he was instantly excited about it and I later learned that he had recruited 7 of his buddies to get in on it. They went out and bought small fractions of bitcoin or ethereum, and then bought into the ICO. They are very excited to play the game itself and have assembled all the android devices that they can find to download the mining app once it is available. I suspect several of those 7 friends of his have told their respective friends. This all came about from me telling him about this almost accidentally! When I saw this effect myself, I had to double down on my investment in electroneum. In addition, I have personally referred 5 other people to invest with very little effort. They all have stakes in the ICO now.
We have been informed that during the last 2 hours of the 40% bonus phase, over 100,000 visitors went to the site and the servers went down because of it. One of the hallmarks of some of the greatest viral systems ever to be invented ---> ...at some point, servers are overloading or crashing. Happened to Facebook. Happened in the early days to Google.
Bitcoin is hovering between 70 and 100 billion in market value. It is the most trusted and widely used cryptocurrency. There are millions of users and the value of that system will only grow over time as we have seen. But as has been correctly pointed out, cryptocurrency has remained in reach primarily for the technologically elite among us. There has never been a coin invented for the masses. I personally believe that the general tendency of cryptocurrency enthusiasts is inherently anarchist. Most of them don't want to play ball with the real world. For Richard and the gang to take this leap into legitimacy represents a counter-intuitive movement which I believe is a step in the right direction. We will see crypto assets be a multi-trillion dollar market cap eventually. Right now, gold has a market cap of over 8 trillion. We are still in the infancy phase of this technology ecosystem and anyone investing now will be considered the pioneers of the movement and ultimately very wealthy.
When people suggest that electroneum could hit 5-10 dollars each, I suspect we would need to see a network effect of at least 2 million people on the system for that to happen. Should this become "the Facebook of cryptocurrency", where we see mass downloads, adoption, and we see it used in real world commerce, this thing could see its market cap go into the trillions itself. I have said for years that the system that goes viral and mainstream will be a multi-trillion dollar network. If it isn't electroneum, it will be something that closely resembles it.
ABOUT ME:
I am enthusiastically invested in electroneum. My background is mathematics. I am currently a physician. I love the concept and am very excited for November 1st. I have to say I think the value of the electroneum ecosystem has the potential to go up substantially since it is going to be so easy to get into it! I have already told at least a dozen people about this that plan to download the app on November 1st and start mining. Most of these people have been way too intimidated over the years as I have told them about other cryptocurrencies. Even though they have marveled at the value of bitcoin rising over the years, this concept is the first time I have been able to get traction with these people. For example, my best friend that has wanted to get involved in bitcoin for years, has now decided that he is investing $200,000 in this ICO. This will be his first step into the world of crypto. This is a guy that I told to buy bitcoin when they were a few dollars each and he didn't. I have been involved in cryptocurrency early enough that I originally mined bitcoin on my laptop. I have seen the evolution of crypto assets with a front row seat. I believe that cryptocurrency will supplant sovereign currency in time. It is more viable for world-wide asset securing than any technology we have seen before and fiat will simply not be able to compete with it over time. I have been very selective in my investments. All of them so far have paid out handsomely. My investments to date have been bitcoin (2009), NXT (2013), Litecoin (2012), Ardor/Ignis (2016), and now electroneum (2017).
My referral code: EE74C9