my theory is that Blackwidow and another one who acting and talking like dev is not real supporter,they are something else
Hello JamesOng,
I invite you to come over to our Telegram group if you are interested in where the CEO of Electroneum is.
https://t.me/joinchat/DxoSakHOdk5mqsE-LelfVgthanks for the invite but no bc i don't like to use telegram for i prefer to use slack,just tell your CEO if he really care about this project,he at least should sending some staffs over here to monitor and answer some important questions instead of just let "something else" or "amatuer" or "noob" to do the job.
The dev is over at Telegram mostly but he posts here all the time!
What are your "important questions" James?
I believe the people here in this community can help you.
I'm not the guy you were talking to, but his thread seems to have obscured my serious questions. Perhaps you can help:
I am excited about the opportunity to invest in this coin, however the reason I haven't yet is that I'm unclear on what the mining rate is going to be.
I understand that the rate will be variable, as it depends both on how many coins are leftover from the ICO to boost mining as well as the price of the coin (and thus how much is needed to subsidize mining to $1 per day... and thus it also depends on the number of users that need to be subsidized up to $1), and I also understand that the mining rate will decrease seamlessly in proportion with the existing supply of coins.
That said, I want to see the range of what you expect the rate of coin creation will be.
Assuming all 6 billion coins are sold in the ICO, what would the rate of coin creation be in the first year? In the first 5 years?
What if only 1 billion coins are sold? What would you expect the rate of coin creation to be in the first year? in the first 5 years?
Also, are the pre-mined coins going to still be counted as part of the money supply while nobody owns them, or will they be counted as unmined, to bring the rate of "creation" up higher until they've been awarded to miners?
It is literally impossible to calculate the growth potential for this currency without some estimate of the potential inflation rate.
Thanks in advance to anyone who knows and shares the answers.
When the dev was asked before about the amount of coins that would be mined, and at what rate, I believe he said its impossible to predict other than the mining will go on for years.
The answer to your second question is that the coins were already mined. They are in the crowdsale, but they are going back in for mining, so Im not sure what coinmarketcap.com will do.
When thinking about the growth of this coin, and what we can expect, I look at the ease of which you can get involved with this coin. There is no other coin out there that you can just download the App and you are mining by playing the game or letting it run in the background.
The devs understand the difficulty of explaining the idea of cryptocurrencies to someone who has never heard of them before. The way Electroneum is set up, you could be mining coins for a year and sending them to friends, etc. without ever knowing.
These days people are just used to "download the app". They, unlike us, who have been involved in cryptos for years, dont understand cryptos like we do. In this case they dont have to know what we know.
The dev has come up with a way to get those outside of the crypto community involved. This is the secret sauce.
The dev also is a big player in the marketing industry. He knows how to market an App.
I have faith that he has the expertise to get the App downloaded.
People will tell their friends as well. A lot of people will want to be a part of this when they find out from their friends that they downloaded an app that is mining coins that are worth a little money.
The game will only help adoption even more.
