Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 275. (Read 240346 times)

The price of BTC has massive impact on the price of ETN just like it does with ETH and LTC but it also triggers the pros to dump or buy decisions magnifying many altcoin price drops and climbs.  Today when BTC jumped $2k very quickly many dumped ETH, LTC and ETN and that caused them all to crash at exactly the same time as they wanted to ride the quick BTC climb.  


See this image:

https://ibb.co/b6CoH6

BTC top Left         -    ETN top Right
ETH bottom Left   -    LTC bottom right

My quad image 43" 4K monitor

Notice how all three coins dropped at the exact same time with almost the exact same pattern making them all look like the same coin. Many people don't equate BTC's direct impact on other coins and don't take that into account when the price swings and people start dumping or buying depending on BTC's price.

I think the concern over the online wallet is warranted. I would never be comfortable not having my private keys, so I moved my coins off into a paper wallet and some into a CLI hotwallet. The CLI wallet is available on github but they don't advertise the fact, presumably because it isn't user friendly enough for the target audience.

I'd really like to see an official desktop GUI wallet. Not sure if they are working on it, but right now that single point of failure is a little worrying, nothing is unbreakable and a serious hack there would probably kill the coin.

I think the concern over the online wallet is warranted. I would never be comfortable not having my private keys, so I moved my coins off into a paper wallet and some into a CLI hotwallet. The CLI wallet is available on github but they don't advertise the fact, presumably because it isn't user friendly enough for the target audience.

I'd really like to see an official desktop GUI wallet. Not sure if they are working on it, but right now that single point of failure is a little worrying, nothing is unbreakable and a serious hack there would probably kill the coin.

Out of business hours in the UK

Anyone else get a " this person is not available" when contacting them throught FB messenger?

I'm pretty sure the tx failed, do you have the tx id ? the oldest transaction at the moment is around 1 hour old, see: https://blockexplorer.electroneum.com/txpool

just because here are a lot of people new to crypto, I want to share my thoughts. Online wallets are dangerous and defeat the purpose of a blockchain, because theire centralized and following reasons:

single point of failure:
All access the same point, you will need a hell of infrastructure just to run this online wallet, atleast if the coin gets big (which is kinda a joke if you think about that you have a blockchain that allready provide such an infrastructure). Attacks (no matter what type) have a good starting point, with this centralized wallet.

trust:
All your private keys for the blockchain are in the hand of a single company. I know all of you love the ETN team, but one fuck up and all is gone. Think about Mt.Gox or recently nicehash, nothing is 100% secured, so atleast make it hard for the crooks that want your coins. Why is the online wallet not open source ? Why didnt they release the source before going online, so the comunity could figure out holes ? They profit massivly on opensource by forking the work of monero and then decide to close source their wallet. Now its properly to late to publish the source because its to risky.

support:
If somthing is wrong, only the etn team can help you, think about how many users it supposed to get, they will need a huge team. Opensource software for Monero (ETN to come) have a huge comunity (even own stackexchange site) that can help you out.


If you really want to use a online wallet, only put as much coins on it as you willing to loose. I dont get why they would fork monero for "the masses". There aren't any light wallets, and because of the structure of Monero its hard to fasten things up, because their main point is privacy and ring transactions.


A blockchain is unhackable because you have thousands of nodes and its hard to even start an attack, you would atleast find a leak in the node software. There is no authority, that can take your coins away, it's a comunity running system, that is getting more secured with every user. So dont try to centralize a blockchain.


And to all the miners: dont use a pool that is close or even over 50% of the hashrate (IT IS NOT MORE PROFITABLE), it just opens the blockchains for attacks, dont even get me starting on this one.

It is your responsibility to keep your coins safe! Don't let this be the next big Crypto-Breach, because the etn team is great at markting !

So i sent a test transaction 5 days ago of 100 etn to my paper wallet and the transaction is still pending. Since there is no transaction id i can really search for it since public address search is not enabled in Monero.

Any idea if anything else can i shod try ? All i want to do is transfer all my tokens to my paper wallet and forget about them for 2-3 years.

this is at least not fully accurate. I don't know how online wallet made for electroneum, but look into myetherewallet - it never stores keys, you should have it on your machine, and upload on site just before usage.

Yes, there is idiot!!!! The mobile carriers REQUESTED that they do large scale beta testing of the mobile mining

The Monero fanboys feeling the heat. I dont know what I will love more, Monero falling, or ETN rising. Damn Monerotards

Yes, there is idiot!!!! The mobile carriers REQUESTED that they do large scale beta testing of the mobile mining

The Monero fanboys feeling the heat. I dont know what I will love more, Monero falling, or ETN rising. Damn Monerotards