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Topic: ELECTRONEUM SPECULATION THREAD - page 2. (Read 64027 times)

hero member
Activity: 1232
Merit: 528
Community Manager: ETN
August 07, 2018, 07:33:47 PM



Here is a discussion Im having on the "Is Electroneum a Scam" topic:
https://bitcointalksearch.org/topic/m.43678807

Feel free to stop by and join in



For one Im the Community Manager on Bitcointalk, so sure Im totally*** bias*** full disclosure

Where was Iota 10 months in? Certianly not where Iota is today. I believe they were at 10x ICO price, down from the ATH at the time of 20x I believe

ETN is down LOWER than ICO price from 20x ATH.

I certianly didnt expect much the first year. Look at it like a company. 10 months is nothing..

Think REAL time not crypto time.

They have almost 2 million registered users.

They are on pace to pass BTC in total number of users within a year.

They are gaining users at a pace faster than Facebook and Twitter at this point in their history.

They hold the patent for Instant Transactions. And before you think, "patents dont mean much on crypto", remember most vendors wont be able to accept a coin that copied it without premission.

They have a 40+ MILLION WAR CHEST, are experts in marketing, and havent started marketing yet.

Changing course and accepting ASIC gives them a VERY secure network, thats the short story why they did it

They have a plan, the team to pull off their plan, and the resources to do it.

Since the beginning, all we heard from every new coin is "Mass Adoption", but this time you have in ETN, a coin thats well on its way.

For less than a penny a piece, youd be hard pressed to find a coin with better ROI over the next year.

Since everything I just said is true, I would say that its worth some DEEP Research.

To answer the question. Its definately NOT a scam, even if you hate us lol

Dont invest more than you can afford to lose and dont mistake my posts as investment advice.

***I am not a neutral mod or admin, but ETNs Community Manager with clear bias****

I think that's fair enough and at least you have the decency to admit that you do have a bias rather than the average idiot who just spouts the same crap.

So I have some questions/issues - answer as you will or not!

  • 2 million registered users but 150k on the mobile miner, let's generously assume that half are on iOS so what's the other 1.7 million people doing?
  • They have a 'pat pending' - as you have seen on Dragons Den and many other places this isn't exactly a big deal and they haven't disclosed what is patented, if it's a patent for a very specific thing, it's not hard to side-step so do you have or know the patent number because I'd like to research it.
  • How are they experts in marketing? It's Richard Ells' background, everyone goes on about Retortal Ltd, but it's nothing, the company's accounts do not paint the same picture as he does.
  • ASICs do not make a network secure, currently the price is falling fast enough that if the profitability threshold is crossed, this thing will die. In the WP they made a big deal about it being ASIC-resistant and Ells very clearly turned his back on the people that got it to where it was, hobby miners with GPUs who spent their time, money, hashrate and electricity to get this to where it is and then had the gall to ask GPU miners to step up to the plate when they finally did the hard fork, only to reverse it days later. ASIC miners are no more or less loyal than GPU miners, if it's not profitable, they will go elsewhere, simple as. And I think they were under duress to re-allow ASICs (or in bed with Bitmain), as no-one, not even someone with no backbone like Ells would reverse a decision like that.
  • The actual cost of a coin is not relevant, if they had hundredth the supply then it would effectively be hundred times more per coin at a given market cap. But the only thing they might have going is hype off the back of this instant payment stuff, which is still very much vapourware
  • There is nothing wrong with Mass Adoption but you do not believe that is a facet and completely ignoring the technical side or the importance of people running nodes and mining is a concern? I do, I also fear that the dumbing down of mining to the level of 'any twat who can operate a smartphone' is a dangerous thing to do because people should know what they are doing and how it all works.
  • IOTA has grown a lot but it had a strong dev team and took a ground up approach, did you not smell a rat when they basically copy-pasted Monero and changed XMR for ETN and Monero for Electroneum? That is mostly why the hard fork took months to achieve by which time ASICs had all but ruined it for everyone else, which is why they (GPU miners) left.

Your advice of DYOR is correct as is don't invest what you can't afford to lose but I guarantee you by the way people speak on the forums, Twitter, etc. some of them did invest money that they can't afford to lose and the absolutely steadfast opinion and loyalty is formed by fear that it might go to nothing so they hope and pray that it won't. People are still betting on this going to 50x and I reckon about the best you can expect is maybe 2-3x and that will still be based purely off hype.

I don't think it's a scam but I would struggle to find a coin that has a more lacklustre dev team or a CEO that prefers to spend more time in the media than actually getting onto this - so not a scam, just hideous mismanagement and transparency.

And I just wanted to add that I do hold ETN, so I think as I am effectively as close as you can be to a 'shareholder' in crypto. I'm not just someone who dislikes something for the sake of it, but having been there since day one and watched this play out, this is the conclusion I've come to.





Great questions!!!

- there are always 150-175k using the mobile miner these days, the rest are not currently mining at the time



-Patent Info

Richard Ells-

"That’s right – we now have a protected patent that allows us to add bitcoin, Ethereum, monero or virtually any other cryptocurrency to our app and allow users to make instant crypto payments to any vendor who wants to have the convenience of instant check-out. This won’t be happening this year, as we want to get Electroneum (ETN) out there first into the market, but it gives us the ABILITY to provide this if the market demands it. We could therefore work with a large multinational vendor who had chosen a different cryptocurrency, but still leverage the Electroneum brand, as part of our strategy for brand dominance and growth.

There’s bound to be a ton of questions and there’s bound to be a lot of people trying to claim that this can’t happen or it doesn’t exist – but I assure you that the patent is filed (patent app. Number 1805708.3) and Dentons are confident of our claims, and we are going to deliver everything we’ve said we will. This single jurisdiction patent application protects the idea we apply for global patents.

It covers a number of other things too, that we’ve discovered by being the first people to ever handle this volume of cryptocurrency users in a hybrid app. Since we’ve found solutions for a lot of the problems, we’ve patented the techniques to give Electroneum the intellectual property rights, enabling us to protect the process, or even earn royalties from their use elsewhere.

One of the phrases we heard last year speaking to one of the large vendors we are in discussion with was “Where is your moat?”. What they meant by this is what is to stop someone else coming along and offering the same thing. What protects the Electroneum business model (other than our massive first mover advantage)? This patent is exactly what they were after. If gives them a reason to publicly endorse us as a fintech partner, because we are following the corporate path.

We are now protected. No new ICO can think “great idea” and take it, as it’s protected by global patent laws"




- Rich is a marketing genius. And look at the companies like Avon and Herbalife (Richs Clients) for example, and think on how they market their products.

Rich also pulled off an ICO that had the highest number of investors in crypto history

Can I prove hes a marketing genius? Not really I guess, but if I were to market a crypto, he would be the one Id pick, just on how many users hes been able to pick up without the first marketing campaign that dips into the ICO money having occured yet.




- going back to the ASICs was the smartest move. Sure, if the coin loses all its miners, it will die. I wouldnt worry about that. I dont see that happening. I said many months ago that I fully expect the price to dip to $.005 before it starts going back up. It takes time to build a solid team and get everything worked out with all the different partnerships, and to find, hire, and let the best PR firms in each region of the world prepare for the first real marketing push. Etc etc.

It takes time to roll out what they are trying to accomplish worldwide. During this time the market will lose some faith, but it wont take so long that we will even come close to dropping far enough that we will lose all our support. In fact, we are still gaining users due to the viral effect of the mobile miner.




-Instant Transaction Tech vaporware concern

I hate the vaporware stage myself

There is already beta testing for the Instant Transactions Tech going on within the general community. So were at beta. Past the vaporware stage




- Some friendly Observations and PERSONAL market expectations


--> I beleive BTC will hit $100,000 within 6 to 24 months
--> During this time I believe cryptos total MC will be in the Trillions
--> If these things occur, and ETN is in the Top 5, that puts ETN at $2 to $5, big IFs, but I think thats where crypto is headed.

Like they say, I dont think weve seen nothing yet!!!


And I do think ETN will be in the Top 5 when they have the most users of any crypto, enable the billions of people that are unbanked, the ETN app comes standard on hundreds of millions of phones, Instant Tranaction Tech is a success, etc

All these things are not pie in the sky dreams.

We have made progress on all these fronts. We are on pace with the patent, current already announced partnerships bringing exposure of ETN to 130 million of our partners customers (thats just the partnerships already announced so far), our partners and many of our userbase, is in the regions where many are unbanked, so market penetration is well on its way there, etc. Also, we are already halfway to passing BTC in total users.



Research and stay tuned everyone!!!






*Do not invest more than you can afford to lose and dont mistake my posts for investment advice*

*** I am not a neutral mod or admin. I am Electroneum's Community Manager and have clear bias***
jr. member
Activity: 280
Merit: 2
August 07, 2018, 04:33:27 PM
I think that Electroneum is great for people who do not have a lot of knowledge of all aspects of cryptography, but they want to join the digital world.
The fact that the coin is intended for use on mobile devices is a very important plus for its success in comparison with other cryptocurrencies.
The concept is quite simple, so the project does look optimistic.
full member
Activity: 251
Merit: 103
July 01, 2018, 07:24:26 AM
those who really think that it will be more than $0,30 are crazy guys, it will never touch that price and it is more than insane to think abou tthat

It hit close to or over $0.20 already, why cant it hit them prices and higher again?
member
Activity: 184
Merit: 10
June 30, 2018, 07:08:06 PM
those who really think that it will be more than $0,30 are crazy guys, it will never touch that price and it is more than insane to think abou tthat
member
Activity: 413
Merit: 17
June 30, 2018, 06:55:00 PM
Instant beta testers required...

https://twitter.com/electroneum

Price is going to rice,,,buy them cheap now...
newbie
Activity: 75
Merit: 0
June 25, 2018, 09:12:40 PM
In fact the price is moving down again. It less than 0.01 and it's below the ico price. This is really sad but it will go down again as fast as possible consider there is a lot of miners will dump their ETN to the market instantly. I was expecting this token worth less than 0.001 if the price of bitcoin goes down more and more.

Hope so , I’ll buy a Shit Ton more !!  Tongue
sr. member
Activity: 770
Merit: 258
The Standart Protocol - Solving Inflation
June 25, 2018, 06:30:43 PM
To be honest electroneum have a good futures if we compare to other ico especially ico which run this year. So many shit ico..electroneum features which makes it win is we can mined it using mobile phone and we all know that people have mobile phone more then PC and this is whats makes electroneum powerfull. But in this market situation electroneum maybe will goes down much.
hero member
Activity: 2324
Merit: 504
June 24, 2018, 11:51:08 PM
I believe it's difficult for electroneum to get move down again as it used to be, even now the value has a tendency to be just at the rate of 0.03 dollars.

at the point when costs will return up
In fact the price is moving down again. It less than 0.01 and it's below the ico price. This is really sad but it will go down again as fast as possible consider there is a lot of miners will dump their ETN to the market instantly. I was expecting this token worth less than 0.001 if the price of bitcoin goes down more and more.
full member
Activity: 252
Merit: 107
Not Found
June 24, 2018, 08:21:23 PM
It's at a low that requires a rebound or outright death. I'm hopeful for the rebound on the portion I still hold. I don't see why not, with one of the largest daily trade volumes on cryptopia it seems it would take off again... or maybe not.
member
Activity: 224
Merit: 15
June 21, 2018, 06:32:34 AM
I believe it's difficult for electroneum to get move down again as it used to be, even now the value has a tendency to be just at the rate of 0.03 dollars.

at the point when costs will return up
newbie
Activity: 28
Merit: 0
June 15, 2018, 04:10:28 AM
could be another win for ETN ? ETN haven't announced it yet but check this out ?

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/MOS/13680775.html


RNS Number : 4718R

Mobile Streams plc

15 June 2018

 


Mobile Streams plc ("Mobile Streams" or the "Company") (AIM: MOS)

 

Mobile Streams signs agreement with Electroneum to promote the use of ETN cryptocurrency, on their Mobilegaming service

 

Mobile Streams, the emerging markets focused mobile media company, today announces a partnership with Electroneum, a new cryptocurrency, made just for mobile, making it easy for users to trade and earn digital money.

 

Mobile Streams, a global retailer of mobile content since 1999, which launched its Mobilegaming stores in Latin America and India with direct carrier billing is exploring the possibility of utilising the blockchain protocol to deliver its users a trusted environment with new purchasing possibilities and to provide game developers a transparent and efficient way to monetise their content.

 

Simon Buckingham, CEO of Mobile Streams said: "We are excited to be partnering with Electroneum to cooperate on the promotion of the ETN cryptocurrency. We are very impressed with the product, especially the mobile mining aspect of acquiring coins, and firmly believe it will have a positive impact on customers in our distribution markets".

 

Taylor Gorman of Electroneum said: "We are looking forward to the partnership with Mobile Streams, promoting the installation and use of our cryptocurrency within their platforms, adding to the 1.6 million current confirmed users we already have. Mobile Streams is a company with a wealth of experience and expertise in the mobile industry around the world and has a subscriber base of over 750,000 in Latin America that will enjoy the benefits of our mobile miner".

 

                                   

Enquiries:

 


Mobile Streams plc   
 
 
 
+1 347 669 9068
 

Simon Buckingham, Chief Executive Officer
 
 
 
 
 

 
 
 
 
 
 

Nplus1 Singer Advisory LLP

(Nominated Adviser and Broker)
 
 
 
+44 (0)20 7496 3000
 

Mark Taylor
 
 
 
 
 

 
 
 
 
 
 

                         

 

Notes to Editors

 

About Mobile Streams

Mobile Streams is a public limited company, listed on the AIM exchange (MOS). Founded in 1999, it specialises in licensing, retailing and distributing mobile content globally.

 

About Electroneum

Electroneum has coined the phrase 'enablement currency' as it is going to enable a new 3 trillion dollar market by allowing over 350 million smartphone users in the developing world to enter the digital market for the first time.

 
hero member
Activity: 790
Merit: 505
June 14, 2018, 09:32:49 PM
can those of you invested in ETN comment on the below Vid, it looks cool and has a lot of potential for IRL use?

https://www.youtube.com/watch?v=FOtJVfZ29Es

The thing is, we already have paywave and other instant payment systems (non crypto)........ so how effective will this app be? I think, this app coupled with mobile mining could be ready useful and one day see ETn become more mainstream?

cheers

* sensible input please........ etn haters and fudsters please kindly fuckoff. thanks.



full member
Activity: 546
Merit: 100
MenaPay - Crypto made easier than cash
June 13, 2018, 02:56:05 PM
I think that in this sphere of activity it is not profitable and dreary.Therefore, many people do not need to worry about their investment in coins. They're safe and you don't have to worry.
full member
Activity: 401
Merit: 108
June 13, 2018, 11:16:28 AM
The short term problem is any good news will be wasted as bitcoin is in free fall.

ETN is better off holding back the good news for when bitcoin rebounds.

This will result in above market bounce!

Exactly. These good news will be of no use because of BTC free fall!  They should analyze the market better.

I thought they were the genius marketer. Not sure what the hell they are thinking when they are planning to release such a good release in a down market...
member
Activity: 413
Merit: 17
June 13, 2018, 11:01:46 AM
The short term problem is any good news will be wasted as bitcoin is in free fall.

ETN is better off holding back the good news for when bitcoin rebounds.

This will result in above market bounce!
newbie
Activity: 2
Merit: 0
June 13, 2018, 09:06:57 AM
10 hours left guys
sr. member
Activity: 460
Merit: 254
June 13, 2018, 08:53:09 AM
Im also a great believer that ETN will be massive - after their video release yesterday of their beta https://electroneum.com/category/news/

Once out to the masses it'll be a complete game changer for crypto around the world. Sit back and enjoy the ETN ride.

A crypto that people can actually use day to day. Amazing news
yes it's amazing my hope is also alive when i see this video and i know ETN will instantly increase because the developers of ETN are work hard for increase the value of ETN. after seeing this video now i become positive about etn and etn will give us Hugh profit. i have 400000 etn before one month i want sold my etn but my so many investors friends said just hold it tell end of august it will instantly up i think it is true i will sell my etn when the price are up to 1$.
newbie
Activity: 28
Merit: 0
June 13, 2018, 06:55:57 AM
Im also a great believer that ETN will be massive - after their video release yesterday of their beta https://electroneum.com/category/news/

Once out to the masses it'll be a complete game changer for crypto around the world. Sit back and enjoy the ETN ride.

A crypto that people can actually use day to day. Amazing news
member
Activity: 413
Merit: 17
June 13, 2018, 06:48:45 AM
What exactly is so good about ETN? Its a monero rip off.

ETN is so good because you can actually spend the coin.  Once instant payments comes online this coin will rocket.  All coins are shit coins if you can't spend them or/and they have no purpose.  Sure you can create a coins that is good for fraudulent activities but this is so yesterday.

In the Crypto world we are entering a new dawn where people want regulation and real usage.

If ETN implement their roadmap then I will be very happy!

full member
Activity: 364
Merit: 100
June 12, 2018, 07:13:59 AM
I mean, I think it's coming along. And it is very bad so it is better to avoid these operations in this field. Better invest without cheating and be honest.
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