Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 43. (Read 240374 times)

https://twitter.com/electroneum/status/1038804699032502272

There is no mention of this and I very much doubt it in the short/medium term. Far in the future all entities that handle crypto will be self regulated.

I see. While I understand KYC will enable acceptance, I am a really really small investor. I have 20$ worth of ETN at the moment and for such a small amount I am not ready to give my documents to them. Nor for 50$ (if it grows to that). I am ready to do it when I am ready to cash out and that won't happen unless one ETN is worth at least 1$ (which might be just a dream).

So what I would like to know is if transferring to an exchange or keeping funds in a paper wallet will also require KYC.

In short they are integrating Yoti(a KYC service) with the wallet and it will be mandatory in a month or so.

This is indeed great news!

There is a video about the KYC and they're plans on the Electroneum Facebook page.

In what way will there be KYC?

KYC is required to secure the big deals.

If you don't like this feature then you are investing in the wrong coin.

The KYC bull is coming so strap in and enjoy the ride!

I don't know about the KYC thing, if it is good?

What here happens, is that your total privacy is gone, what was one of the fundamentals of cryptocurrency in general.

I hope a face-picture is not needed under the 1000 dolar of etn, if this is needed i am gone.

Never put my face picture anywhere on the internet, don't like it, and always the needed trust in those ' data company's' and always the news, that something being hacked.

Want to share some of personal data, but no face picture.

We the community are ETN, and we must wanted to provide some of our personal data, because this is no democracy policy, this has some fundamentals of a dictatorship.

We are in charge, not the devs, the devs must be in charge of the community.

What here also happens, is that other blockchains may follow with these new ''innovations'' what in other words mean : total control, over your funds and personal data.

Don't like to provide personal data to 3rd party company's, it is only risk for me that my data may be get stolen and zero risk for them.

So double risk: risk of losing invested money + risk that your personal data will not be handled properly.

Hope under the 1000 dollar of etn, their is no need for providing a face picture.

Also ''fake identity'' like yoti has zero usefull information, because it is no valid identity.

not ''of all'', do not be misled!
look at Metaverse(ETP) for example - just another fork of the etherium with big premine.
the price of this coin (in btc) has increased by half since January this year

The price of all projects is falling sharply because the overall market is sluggish, you just have to pray and thank you for the team still doing something.

Good point. I only watch price in btc. In may price was around 800sat and the cmc place was #70... I see shitcoins that kept ther place thru the "storm"... And I don't understand why ETN just keep going down... I know that we are now in bear market but ETN is in freefall market... Why???

I was thinking after the GPU/ASIC debacle, what could the ETN corporation come up with ... And here it is. After the coin drop under 30 sats they can offer a second ICO ! That will be unique and revolutionary !

We will do a corporate slime smiles and green screens !!! and FACEBOOKS

If this was true, we should have kept relative market cap position. However, in January, ETN was number 44 on the list and today it is 118th (source: coinmarketcap).

To put that into perspective, Ethereum Classic was 18th in January (at a price of 0.00161587 BTC) and today it is 15th (the ETC price has increased to 0.00182223 BTC).

Key point we should all invest all we have... 

What I understood from one update on social media was that internal testing is going on before beta testing. I have not been around here for long time but social media was my only means in all this period to keep me connected with development. Electroneum is flying under the radar and once the markets are little stable it will be flying again.

I agree we have to wait for the storm to pass..

Hi, any news on solution of problems in Android miner, turned it off, no balance updates.

In this post, I will do the electroneum review which is looking like the most promising project by far. But do it is really a promising project or it is a mirage launched just to accumulate bitcoin. Let’s find out in this review.
First of all, I will say that many people newcomers in the crypto field determine the potential of coin by its price analysis which is wrong as per me. Many people judge electroneum just by saying that it has fallen from 0.20 USD to 0.01 USD so that’s why it is shitcoin. Don’t judge anything just by its one aspect there are lot better aspects as well. Also, don’t believe in the method of taking huge profits overnight.
Technical aspect of electroneum
First of all, electroneum is the first cryptocurrency developed in Britain. Its main motive is to make a platform for instant crypto payments and make crypto more people friendly. So they have tested their beta application for instant crypto payments and also they have filed a patent application for this unique payment technology.

They have signed an agreement with xius making a user reach of 65 million which sounds very good. Electroneum is the first cryptocurrency to be invited in GSMA in MWC 2018 in Barcelona. They have signed agreements in place to develop Electroneum payment integration for over 1.2 million agents, dealers and distributors in over 9 countries to make a reach of 130 million people. They are trying to increase the number of methods to spend electroneum also across the world.

Electroneum also introduced a subscription system in the electroneum patent. This shows that they are very aggressive in their backend developing that’s why financers like yahoo believed in them. Subscription system is like you can set a subscription for a particular vendor for monthly basis. People can easily set amount of US dollars or ETN for that vendor.

The option for other cyptocurrencies will be introduced next year. First, they want this system to be operational for electroneum then they will bring other cryptos as well in order to increase the payment modes with other coins.

Criticism of electroneum due to misconceptions
There are some misconceptions as well due to which gives some space to bad criticism. Some people criticize electroneum by saying that mobile miner of electroneum is fake. Now let us understand this electroneum mobile miner aspect in a broader way. First of all the main motive of electroneum is to make a platform for vendors which enables instant crypto payments. Now electroneum mobile miner is launched with a motive for people to understand cryptocurrency is a simpler way. It is launched just with a motive to introduce crypto to normal non-technical person.

I completely agree that electroneum mobile miner is a cloud miner, not an actual mobile miner. But we have to understand that the blockchain technology on which cryptocurrency is based is just used by 1% people in the world. So in order to increase mass adoption and making people understand what cryptocurrency is mobile miner is launched. It does not matter whether it is a mobile miner or a cloud miner. Once again I am saying electroneum main motive is to create an instant crypto payment system for vendors in order to increase mass adoption.

77 sats from around 1200 sats. That's like a 97% loss in value and its insane. I think It's not really the fault of the team. Come to think of it, We're in a bear market trend which has seen major Cryptocurrencies go southwards. Even Ethereum is losing its value from an all time high for $1400 to $226 current price. I don't think there's a marketing that the ETN team would do that would increase the value to a good extent

So true - all value from all altcoins going to bitcoin. It is safer and easier to convert, therefore we see bitcoin at almost the same level. And at the same money flowing to fiat, lucky it is very hard to make fiat out of crypto, not so easy as fiat to crypto - this going slowly. And almost no inflow of money in the crypto markets at all, new coins generated every day and they value decrease the older ones. This spiral going to zero except smth increadibly wow happen and money will change direction again. Hobby owners start loosing faith seeing their coins going to ground.