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Topic: [POR]⚡ELECTRONEUM⚡Official Moderated Thread - page 45. (Read 240374 times)

member
Activity: 845
Merit: 56
Mail from Richard with an awaited update:

Quote

Hi Everyone!



We have just launched an Electroneum community forum!



https://community.electroneum.com



You can log in with your Electroneum username. We are looking forward to getting the awesome Electroneum community in to one place, where you can help each other and talk about everything Electroneum & cryptocurrency.



Lots of helpful articles, social posts and comments are being lost by disappearing into social media history - and our new community forum will enable us to keep the best solutions for questions and articles alive, creating a great resource for understanding what we are doing, where we are going, how to use ETN, etc.



There's voting, marking solutions to problems and the ability to earn badges and move up the ranks from New user to Enthusiast, Educator, Professor and ultimately Genius level!



Once we have monitored the use for a while, we will introduce a reward system for those users who help out the most. Rewarding users who take their valuable time and contribute it to the community will help us moderate the forum and ensure it is a pleasant place to discuss Electroneum and all things crypto.



Read the rest of this email - then go and introduce yourself and make your first post on our forum - we can't wait to see you there!



OKEX Exchange Vote - we need YOUR help



OKEX (the 2nd biggest exchange in the world) is hosting a community coin vote, and we need our incredible community's voting power!

We’re putting the power of change into your hands, to get ETN listed on a monster exchange. Voting costs nothing and only takes a moment of your time, see community post below for more details and instructions.



https://community.electroneum.com/t/new-exchange-opportunity-okex-exchange/120



If you haven't voted already - please take the few minutes to do so. Getting Electroneum onto OKEX would be incredible for Electroneum! Thank you!



Instant Payment Beta Vendor API / App Update



We have over 1000 vendors that have applied to take part in the Vendor API Beta testing. They will be getting an email next week to invite them to start using the API in the live environment! There is an app update coming next week to facilitate this.



We can't wait to see the online stores and physical shops that integrate and we will be asking them to make videos and take photographs of the ETN integrations so we can show the community. We will be working with the BETA testers in a closed group on the new forum initially, then we will open that up to the public on full release once any issues that the BETA users find are solved.



If you are remotely technical and you'd like to see the API documentation in advance of it going fully live - you'll find it below (please note that it will begin functioning next week on BETA release).



https://community.electroneum.com/t/using-the-etn-instant-payment-api/121



What's coming...



September will be a busy month for Electroneum as we bring on the first hundred instant pay vendors (hey! if you ALREADY accept ETN - let us know via the forum and we'll get you into the BETA of instant pay - AND we'll get you added to our new "ETN Everywhere" website, a global directory of vendors. Currently in development, but due out in Q4 2018.



As always, we are working hard to get everything live as soon as we can, I'd like to thank everyone for their support and positivity and I'm excited to be so close to having a fully working instant payment mobile cryptocurrency, that we can roll out and promote on the ground around the world.



Have a great day everyone,



Richard Ells

Founder, Electroneum.com



hero member
Activity: 1232
Merit: 528
Community Manager: ETN

To those that dont know, GPU miners sell their coins, too..

.. Maybe not as much..

   ..but it makes no difference when we are figuring the total amount of coins mined per day, no matter if its ASICs or GPUs

Some of the recent posts, it just seems like some people think more coins are mined per day with ASICs.

And dont get me wrong, I know most of you understand this.

Just a reminder
legendary
Activity: 2198
Merit: 1000
Quote
We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.

That was the death sentence for ETN when they switched back algo's

You wont see ASIC miners involved. What few there is, are just mining and dumping with there new shiny ASIC miners, until the price has nothing left to offer them.

Whats the difference between GPU miners and ASIC miners?

Most of GPU miners are hobby miners.
Most of ASIC miners are businesses.
That's a totally incorrect statement lol  Roll Eyes

So a guy with 30k invested in GPU mining rigs vs 1 guy with a couple of ASIC miners make him a business?Huh?

Don't know how you arrived at that conclusion lol

And another poster is right, people pay 2000 for an ASIC miner.. there only goal is to mine as much as they can and dump to get their return on their ASIC investment before others have the same ASIC driving back down their slice of the pie. I think that's what we have been seeing since the switch back to the old algo.

The market it flooded!!! with ETN now, and very low buy power from BTC now.

Make of it what you will.

Also, Ill say it again, when the hash mining power is spread across thousands of GPU miners it generates a much more level playing field. GPU miners tend to hold their coins longer hoping for a better price AND they love to be active in threads like this one sharing experiences and generally create enthusiasm in the thread... ok, just my opinion.  Cheesy
member
Activity: 426
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I think, when the asics involved to any project asics miners creating market crash since they pay too much money to getting those asics. They just want to get back what they pay to asics machine immediately before those machines turned to useless.
Yes, you got it right - the main thing for them is return on investment
member
Activity: 426
Merit: 11
Quote
We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.

That was the death sentence for ETN when they switched back algo's

You wont see ASIC miners involved. What few there is, are just mining and dumping with there new shiny ASIC miners, until the price has nothing left to offer them.

Whats the difference between GPU miners and ASIC miners?

Most of GPU miners are hobby miners.
Most of ASIC miners are businesses.

Every hobby miner is collecting his coins and every business is dumping in an instant Huh So how is it possible that bitcoin price is on the level where it is?
I don`t think that the price is caused of ASIC miners, i think the investors losing their faith in electroneum and i really hope that the team can earn it back!


it makes no sense to compare bitcoin with etn, because bitcoin has a huge demand - it is for bitcoin people buy all 2000 altcoins,
and there is no demand for etn - why buy it if it is not used anywhere?
someday it will be used (probably), but when? - unknown
until then, there's a bunch of sellers (asic miners) with 8 million etn every day.

take a look at cryptopia:
Sell Orders 180414173.31771722 ETN
Buy Orders 9.32798596 BTC
full member
Activity: 686
Merit: 100
I think, when the asics involved to any project asics miners creating market crash since they pay too much money to getting those asics. They just want to get back what they pay to asics machine immediately before those machines turned to useless.
hero member
Activity: 1232
Merit: 528
Community Manager: ETN
https://coincheckup.com/coins/electroneum/analysis#github
4 commits in 3 months = no developpement.

Graft has 15 (which is still low).
https://coincheckup.com/coins/graft/analysis#github

Masari has 35 commits in the same period.

Stellite has 47 (but much younger coin).

Monero has almost 400...






Due to ETN being a decentralized/centralized hybrid you wont see commits as regular as purely decentralized coins.

This will cause some to shy away, but it is not a case of the ETN team not being tech savvy. Its quite the opposite.

------


And the team wont take so long that the coin will die. ETN will be just fine.

--------

Again, take the time to go over my very long last post, and watch the videos. After doing so, you will see what I mean about the low price right now being a good thing for speculators IMO
member
Activity: 882
Merit: 14
Quote
We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.

That was the death sentence for ETN when they switched back algo's

You wont see ASIC miners involved. What few there is, are just mining and dumping with there new shiny ASIC miners, until the price has nothing left to offer them.

Whats the difference between GPU miners and ASIC miners?

Most of GPU miners are hobby miners.
Most of ASIC miners are businesses.

Every hobby miner is collecting his coins and every business is dumping in an instant Huh So how is it possible that bitcoin price is on the level where it is?
I don`t think that the price is caused of ASIC miners, i think the investors losing their faith in electroneum and i really hope that the team can earn it back!
full member
Activity: 1120
Merit: 131
Quote
We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.

That was the death sentence for ETN when they switched back algo's

You wont see ASIC miners involved. What few there is, are just mining and dumping with there new shiny ASIC miners, until the price has nothing left to offer them.

Whats the difference between GPU miners and ASIC miners?

Most of GPU miners are hobby miners.
Most of ASIC miners are businesses.
full member
Activity: 1120
Merit: 131
https://coincheckup.com/coins/electroneum/analysis#github
4 commits in 3 months = no developpement.

Graft has 15 (which is still low).
https://coincheckup.com/coins/graft/analysis#github

Masari has 35 commits in the same period.

Stellite has 47 (but much younger coin).

Monero has almost 400...



member
Activity: 882
Merit: 14
Quote
We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.

That was the death sentence for ETN when they switched back algo's

You wont see ASIC miners involved. What few there is, are just mining and dumping with there new shiny ASIC miners, until the price has nothing left to offer them.

Whats the difference between GPU miners and ASIC miners?
member
Activity: 845
Merit: 56
The problem is, if team takes too long, the coin may never recover.
hero member
Activity: 1232
Merit: 528
Community Manager: ETN
Quote
We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.

That was the death sentence for ETN when they switched back algo's

You wont see ASIC miners involved. What few there is, are just mining and dumping with there new shiny ASIC miners, until the price has nothing left to offer them.


Mining IS important. Sure

Also, lets remember, GPU miners or ASIC miners DONT make or break a coin.

BTC isnt gonna die either

ETN is not down because of the switch back to ASICs.

ETN is down for the exact reason I told you guys back when it was 3 to 5 cents. The market is not going to wait around when we are in the building stages. Partnerships take time to nail down.

Even the partnerships we have nailed down, which will expose ETN the 130,000,000 of our partners users arent going to effect the market in a positive way until that exposure occurs.

I said waaaaay back not to be surprized if we see $.005 before we break $1.00

This is crypto. Ive been here since there were 25 total coins in existence. I knew there was zero chance that the crypto market would be patient.

This is just fine

This is a great time to buy

And definately HODL guys.

If you watch these last 6 videos, you can see much better where we are going




Mick Ambrose from AllAboutTech's YouTube series with Electroneum CEO Richard Ells


- Part 1: https://www.youtube.com/watch?v=gBGMxTkOHsE
- Part 2: https://www.youtube.com/watch?v=LTreyenjZF8
- Part 3: https://www.youtube.com/watch?v=2Jn5kWUCjzs
- Part 4 (New App Features + Revenue Streams): https://www.youtube.com/watch?v=gv0rjbvS7Co
- Part 5 (Exclusive New Information): https://www.youtube.com/watch?v=TLPeyUERHnM
- Part 6 (Finale): https://www.youtube.com/watch?v=inW0dL9o79g





ALSO, I KNOW THIS CONVERSATION BELOW IS LONG, BUT IF YOU TAKE THE TIME TO READ THIS, ALONG WITH WATCHING THE VIDEOS, YOU WILL HAVE A MUCH BETTER UNDERSTANDING OF WHY ETN IS BECOMING SET TO BE THE FIRST CRYPTO TO FINALLY ACCOMPLISH MASS ADOPTION!!!  IF YOU WATCH THE 6 VIDEOS, AND READ THIS WHOLE POST, YOU SHOULD GET IT WHEN YOUR DONE, BECAUSE ITS ALL RIGHT HERE








Here is a conversation I had a while back on the "Is Electroneum a Scam" topic

For some more insight into my personal opinion on ETN and the crypto market in general:



      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***

      Ok, thanks for replying.

      • Why are they not mining? You install the app, run it and click 'start mining' - only an idiot wouldn't do this, so I truly believe most of those accounts are meaningless and/or duplicates. As it's an 'experience' and not consuming battery or anything else, what possible reason could you not have for running it? Also Ells said it would earn you $30 a month, I think at this point we all know that was utter BS and not possible.
      • Just so I understand this, even with bias set aside (I appreciate and respect that you have bias and disclosed that fact) - are you saying that Electroneum Ltd., the coin that famously couldn't even complete a hard fork, has somehow developed instant payment technology that Bitcoin, etc. has been working on with a much bigger, stronger, smarter team hasn't managed to complete and launch yet? I find that remarkably hard to believe and all I can think of is that Electroneum are acting as a payment processor/settlement layer/bank between both parties and taking on the credit risk themselves which is either very smart or very stupid.
      • Richard Ells is not a marketing genius, his own company Retortal is doing nothing, I suggest you check Companies House which has public accounts - I haven't heard of a single Fortune 500 company using his 'freemium' product despite claims. I also heard people say Retortal is worth $50m (USD), well on CH, the net worth is negative so I think the only marketing trick he pulled was to convince people to stake in the ICO.
      • With respect to ASICs and judging from your language, I can only assume you have never mined or actually put money on that aspect of it. Who cares if you have tons of 'users' but no-one to validate transactions on the blockchain - the difficulty is still wildly swinging by 25% or so a day if you look at it, at some point it will not be profitable for miners to mine (ASICs, GPUs, CPUS, whatever). If it hits 0.5c then that point has passed and you are in the death spiral. I believe Ells would have had infinitely more credibility if he had just said from the start 'we aren't doing a hard-fork and ASICs are allowed on our blockchain' as opposed to that complete clusterfuck that was a hard fork only to be reversed days later when he realised the very people who supported him (GPU miners) had just been shot in the back and suddenly didn't want to do stuff out of the goodness of their own hearts any more so I am not surprised everyone left.
      • I have applied for all the betas and have had access to them other than instant payments, so I don't believe it yet. People keep showing that mock-up photo of a coffee shop but it is just that, a mock-up. When it goes live then we shall see. The iOS app at least looked half decent but it was just a clone of the Android app minus 'mining experience' (airdrop) - I am fairly sure they could sidestep the issue entirely with a 'cloud mining experience' but who knows what they're going to do. At this stage, iOS users have been waiting 5 months for an app that's still not out of beta.
      • BTC isn't going up to $100k anytime soon, I mean I'd love it to do that as then I can retire but let's get real. I also think pretending or claiming that it might hit $2-5 per ETN is ridiculous and misleading on any side of the planet, at the moment that is 250x at the thin end. Even if the marketing was perfect, they have a really crap dev team made up of the cheapest hires Ells could find. If you have been following I'm sure you know of the block 202612 issue and what he did/said to KnifeOfPi2. It *is* pie in the sky dreaming, I would expect maybe 2-3x with hype or 10x if lucky or it's just gonna die.
      • I honestly don't think Electroneum or anyone else gives a shit about the unbanked, it's just a stepping stone to riches for some people with an altruistic overtone - a bit like when celebrities do those charity appeals on TV, do they care? Do they fuck? It's just free publicity for them and this stinks of the same. Where they are countries suffering issues with their fiat currency, why aren't they buying or accessing this coin then?

      In the interests of fairness, I think you should broadly disclose what coins you do/don't hold and a rough figure for ETN. If it's just ETN only, then I can't question your integrity and it's either crazy/madness or if you believe it in, good for you. I can't verify any of whatever you say anyway but it would put an interesting spin on it.

      Also I think the guy who mentioned coins being dumped was referred to mined ETN being dumped, not ICO funds - I also think when that year anniversary approaches and the ICO funds get unlocked, it will be interesting times. It is just a theory right now but I have a belief that if this goes to pot between now and then, you might find the ICO funds disappear and so does the everyone involved with this project as they will suddenly be very rich.

      And FWIW, I respect the fact that you have been fairly open, made the correct disclosures and even if I don't agree with your points, you can be sure I've read all of them thoroughly.[/list][/list]


      - its not always the same people mining, and to be clear, not all registered users are using the mobile miner. And Rich corrected it to $3 before the ICO started.


      - you dont have to believe it. They are looking for beta testers now if you want to see it for yourself and my last response included the patent #


      - Retortal is not worth neg dispite FUD you may have heard


      - Avon and Herbalife are a few brands most have heard of and I bring them up because of the marketing approach they use


      - Many agree with you that BTC wont go up 10x again. They always do. And everytime most people have been wrong. BTC $20k (100x from not too long ago when it was $200) Everyone always thinks, "theres just no way it can happen again". 5x its ATH in a 6 to 24 months doesnt seem like such a streach to me.

      But like I said, my belief is in the minority as most agree with you on that, and there is nothing misleading about $2-$5 ETN being tied to a crypto market cap in the TRILLIONS.


      - About the BILLIONS unbanked you are half correct. No one gives a shit about them - UNTIL ETN  Cool


      - no one is running off with the ICO money. Taking off with 40 million would be a LOSS in so many ways in the short term and definately the long term. I wouldnt worry about that.



      We will just have to agree to disagree on these points, for now, and we will see what side if history each of us land on.


      Hang on the those ETN friend!!! Wink


      We appreciate your interest. Get ready for a hell of a ride


      * only invest what you can afford to lose and dont mistake my posts as investment advice *


      ***Bias Alert - I am the ETN Community Manager, I am NOT a neutral mod or admin***




          When I first read on the forum 6 mounts ago, somebody say that price will go to 300sat I could not believe. And then same person make another prediction to 50sat it looks like si-fi to me. Now I see that scenario is very likely... How coin that is soo popular and have very good dev team and great ideas come to this situation???
           It looks like somebody or some group of people (hackers) realy dont like this idea...



      Ive been saying we would see $.005 FOR MONTHS NOW.

      I completely expected it as I knew the market wouldnt wait around when ETNs infrastructure is built.

      That is what is happening

      We are in first year still.

      If ETN were a baby, it hasnt even left the hospital yet.

      Its very very early

      Just HODL

      You still have the same NUMBER of coins until you sell


      at the moment, the price of ETN is $.006 , that is, according to your prediction, the price should still fall by 20 percent - it will be 90 * 0.8 = 72 sat ?

      More like a guess based on experience/forecast, and ONLY BASED ON PUBLIC KNOWLEDGE



      **I could easily be wrong, so DO NOT MAKE ANY TRADING/INVESTMENT/FINANCIAL DECISIONS BASED ON MY POSTS

      My posts should NOT be considered investment advice

      Never invest more than you can afford to lose

      BIAS ALERT!!
      **I am the Electroneum Community Manager, and NOT a neutral mod or admin****


      I personally as an investor in ETN would never consider doing anything with my investment when the project is in the very early building stages. I just HODL. This is just IN MY OPINION. To me selling now is no different than selling the day after I bought ETN. Its just to early to make any moves yet- In my PERSONAL opinion based on PUBLIC KNOWLEDGE ONLY
      legendary
      Activity: 2198
      Merit: 1000
      Quote
      We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.

      That was the death sentence for ETN when they switched back algo's

      You wont see ASIC miners involved. What few there is, are just mining and dumping with there new shiny ASIC miners, until the price has nothing left to offer them.
      newbie
      Activity: 75
      Merit: 0
      RIP ETN. Under one cent... Time to buy? or Time to move on?
      member
      Activity: 212
      Merit: 12
      there are many miners, but there are no investors, exchanges and community support.

      Even the number of (real) miners has decreased. We had many GPU miners here in this thread, however I see no new ASIC miner guys involved in discussions.

      Regarding the mobile miner experience numbers, the app says there are 150K active miners. We have no way to check and validate this number. Same goes for the number of registered users on the website. They say there are more than 2M registered users, but we are not able to check it. They can come up with any number, and we must trust them.
      full member
      Activity: 546
      Merit: 122
           When I first read on the forum 6 mounts ago, somebody say that price will go to 300sat I could not believe. And then same person make another prediction to 50sat it looks like si-fi to me. Now I see that scenario is very likely... How coin that is soo popular and have very good dev team and great ideas come to this situation???
           It looks like somebody or some group of people (hackers) realy dont like this idea...

      ETN has a solid foundation but interest in this coin falls.
      there are many miners, but there are no investors, exchanges and community support.
      legendary
      Activity: 2198
      Merit: 1000
      Iran? LOl  Roll Eyes

      Getting desperate in here and there.... 

      Good luck with that one.

      I wonder if they will start a new coin , maybe call it the "Bit Khamenei Coin"  ticker "BTK" with his picture on the coin logo  Grin

      or better yet "Khameneum"  lol

      To the moon!!
      sr. member
      Activity: 1008
      Merit: 253
      but there is good news:

      IRAN: CENTRAL BANK FIGURE HINTS CRYPTOCURRENCY BAN WILL END IN SEPTEMBER
      https://bitcoinist.com/iran-central-bank-cryptocurrency-end/

      Is this relevant to this project I think it is general statement but good to see more countries will adopt realistic approach for this revolution. Now cryptocurrencies are becoming reality and no country can deny this to grow.
      member
      Activity: 426
      Merit: 11
      but there is good news:

      IRAN: CENTRAL BANK FIGURE HINTS CRYPTOCURRENCY BAN WILL END IN SEPTEMBER
      https://bitcoinist.com/iran-central-bank-cryptocurrency-end/
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