i can't believe where this coin has gone in just a short period of time. what is that power that drives this concept up? i can't see here anything else but speculation. no real value for the markets.
I find your post a bit strange, you surely have not been following the project and it's news updates at all?
It's the other way around. The majority of other top 50 marketcap coins are driven by pure speculation. What is your idea of real value, what adds value? People focus on the blockchain technology too much, security features, new algorithms etc.
To the average person, what does that really mean? Not a lot to be honest. It's a geeks world, and a relatively small world at that.
This is a currency, a currency is meant to be used, not just bought and sold. What value would fiat have if you can't use it in the shops? It would just be some bits of paper wouldn't it?
So a financial institution brings out a new payment/credit card, it's absolutely full of new tech, it's the best of its kind with advanced security features and a stunning futuristic design. The catch is you can't actually use it. Nobody accepts it. That's pretty much what the majority of coins in the market are like, they only serve a purpose of getting traded on the exchanges.
I said before that the market is at risk of becoming a speculative bubble if that scenario goes on. The future of crypto depends on its adoption and how useful it will be going forward.
Electroneum does not have anything new to appease the Crypto geeks among us, it's a fork of Monero. Nothing wrong with that, it's secure and built on a good foundation.
The value is coming from the partnerships that they are making. They secured a payment processing partner, a telecoms industry partner and are working on many more. They said yesterday that these deals are small compared to one they are currently working on. They said its an absolute monster of a partnership.
With more to come, Electroneum could be a very useful currency in the future.
Add to that the viral marketing, the obvious talent they have as marketers, the growing interest and community and of course the plans they have for mass adoption and you have a potential winner.
I am not a blind supporter of Electroneum. I have investments in quite a few projects and I can see the negatives with ETN too. I just think that Electroneum has a lot of potential and I'm following it closely.
Fully agree man. The more I read, the more I start to think some people just don't really want to understand it. They are stuck in the world of geeks and are starting to lose sight of what cryptoCURRENCY is actually supposed to be(come)
Crypto isn't supposed to be like tradingcards or anything, the whole purpose was to use them as a new form of payment. So far ETN seems to be one of the very few who is really aiming at a large crowd to actually be used as a form of payment rather than to "bring something new" that no-one outside this geek world cares about. ETN isn't trying to re-invent the wheel, re-invent something that already exist and works well (hence being a fork of Monero)
What is a flawless product if you can't market it to the public? If no-one uses it? I'll tell you what it is, just a flawless product that no-one uses. Like I've said before, the average person doesn't understand blockchain, crypto, bitcoin etc. (I don't even fully understand it yet) And if you were to ask them "Would you like me to explain blockchain and cryptocurrency to you?" 80% of the people would answer "Block-what? Crypto-what?" and the other 19% would say "Well, I've heard of it, but it's too complicated"
