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Post by Pete on Oct 21, 2017 12:37:19 GMT -6
I don't think the two decimals is a massive selling factor like some people suggest. Sure, it's easier than eight. But people could cope with three. And if they don't like the idea of their bottle of coke being 0.835 ETN we can always round the price up or down for them.
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Post by mrnewguy on Oct 21, 2017 13:05:25 GMT -6
You are underestimating the mindcloseness of people.
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Post by Imikocha on Oct 21, 2017 17:32:34 GMT -6
The two decimal place has been tested by the dev team, and they saw a massive difference in peoples engagement on the app and so on.
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Post by CryptoHero on Oct 22, 2017 6:57:47 GMT -6
I don't think the two decimals is a massive selling factor like some people suggest. Sure, it's easier than eight. But people could cope with three. And if they don't like the idea of their bottle of coke being 0.835 ETN we can always round the price up or down for them. Well if Electroneum increases in value say 1ETN=1000 USD , Someone still wants to buy a coke with ETN then the devs might have already created a sub currency for ETN for micro payments like "ElectroneumLight" |
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Post by Pete on Oct 22, 2017 8:30:02 GMT -6
The two decimal place has been tested by the dev team, and they saw a massive difference in peoples engagement on the app and so on. If people are that short of understanding (which I agree many of them are, we have to remember there will be IDIOTS who will have this on their phone), then I think it's even more important that the app shows a conversion to £/$ next to their quantity of ETN that they hold. That way, they know how much they have in what they will still think of as "real money". If people are going to struggle with 3 decimal places then they are going to struggle with currency conversion too, unless it's done for them on the app. |
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etnsab
Electron
My brain is overflowing with the potential of Electroneum! :-)
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Post by etnsab on Oct 22, 2017 9:07:11 GMT -6
I don't think the two decimals is a massive selling factor like some people suggest. Sure, it's easier than eight. But people could cope with three. And if they don't like the idea of their bottle of coke being 0.835 ETN we can always round the price up or down for them. Well if Electroneum increases in value say 1ETN=1000 USD , Someone still wants to buy a coke with ETN then the devs might have already created a sub currency for ETN for micro payments like "ElectroneumLight" That's where I see the problem. Electroneum is designed for games (which deal mostly with micropayments). An EletroneumLight would beat that purposes, isn't it? I'm very confused with this whole 2 decimal places although it does seem to have some benefit when it comes to user engagement. What are your thoughts? |
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Post by mattu70 on Oct 22, 2017 10:16:47 GMT -6
Well if Electroneum increases in value say 1ETN=1000 USD , Someone still wants to buy a coke with ETN then the devs might have already created a sub currency for ETN for micro payments like "ElectroneumLight" That's where I see the problem. Electroneum is designed for games (which deal mostly with micropayments). An EletroneumLight would beat that purposes, isn't it? I'm very confused with this whole 2 decimal places although it does seem to have some benefit when it comes to user engagement. What are your thoughts? I'm not sure I agree with you. I don't play a whole lot of video games, mostly game apps on my phone. One of which is Forge of Empires, where there is in-game money in form of diamonds. You buy diamonds with real money. There, the diamonds are whole units, no decimals. But people still use decimals in real money, so the 2 decimal place is still familiar to people. The whole reason ETN has 21 Billion coins is to keep the 2 decimals to ensure that familiarity factor. |
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Post by mrnewguy on Oct 22, 2017 10:17:38 GMT -6
there are easy solutions for micropaments when (if) a coing comes to 1000$. Other cryptos have already went through this. they created a second, smaller, coin, or they can jst move the decimals (0.001)
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Post by MrBill1051 on Oct 23, 2017 8:11:05 GMT -6
Any thoughts what the value will be on 1 Nov when it goes public?
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Post by mrnewguy on Oct 23, 2017 8:30:53 GMT -6
my estimate is from 0.008 to 0.02
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vish
Atom
Now we wait
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Post by vish on Nov 25, 2017 3:58:24 GMT -6
Bumping this after all thats happend... any new predictions and ideas?
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Post by Guest on Nov 25, 2017 7:53:52 GMT -6
I think $1 is possible, but it is going to take quite a while. For ETN value to increase, one main factor would be difficulty. In my opinion, ETN will never beat bitcoin price as it is ASIC resistant, therefore blocks would not be too complex even in long run as compared to bitcoin overrun by antminers running in T/s. However, I think if ETN is successful in mobile simulation mining and able to list itself in more exchanges beside cryptopia, it would be able to attract a number of new miners. The problem currently is many ICO buyers(usually those who plan to pump and dump for quick rich scheme) are complaining about their wallets. I foresee the price would take a slump when coins are released to online wallets after hackerone has completed its security reinforcement. This is mostly due to many ICO buyers trying to dump their coins in the exchange.(Demand vs Supply theory)
Assuming that supply of ETN sold in exchange is stabilised, ETN team would have to increase marketing to attract more users to involve in mining assuming mobile mining is successfully launch by then. Therefore, I think ETN value will only have significant improvement closer to 2019.
For ETN to be as successful as ETH, it probably needs to attract the attention of cloud mining providers such as genesis and hashflare. Once ETN is available for people to mine using cloud mining, it could slowly catch up to monero and Zcash. According to whitepaper, ETN main objective is on gaming and gambling. Perhaps till the day it successfully becomes an international alternate currency for gaming and gambling, it would break $1-2 and exceeds $10 in the future.
Summary -
$1-2(Possible if)
-Hackerone security completed
-coins released to wallets
-Supply on exchange has stabilised
-Mobile mining app successfully launched.
$2-10
-Increase popularity through increase in marketing
-showing progress in attaining rights to be alternate gaming and gambling currency
-Listed on several exchanges
>10
-Listed as one of coins available for cloud mining(genesis, hashflare, etc )
-Popularity increases through marketing and word by mouth between users.
-Exponential increase in difficulty due to great influx of miners and total hash power
-ETN management provides measures on how purchases could be measured given its high value due to only 2 decimal points.
-Widely accepted as a payment for new ICO(currently only ETH and BTC are commonly available for token purchase in many ICO)
*Disclaimer: I am still a rookie in comparison to many people here. Please do not flame me if you disagree with any of my statement. Any constructive feedback is appreciated. Thanks.
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Post by avendora on Nov 25, 2017 11:16:35 GMT -6
I wouldn't be shocked at all if it hits $1 by the end of the year provided that the wallets are open in 2 weeks time. By this time next year? Possibly $20 a coin...
Remember, they are saying $25,000 for BTC by end of 2018...
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Post by mattu70 on Nov 25, 2017 21:47:16 GMT -6
I think $1 is possible, but it is going to take quite a while. For ETN value to increase, one main factor would be difficulty. In my opinion, ETN will never beat bitcoin price as it is ASIC resistant, therefore blocks would not be too complex even in long run as compared to bitcoin overrun by antminers running in T/s. However, I think if ETN is successful in mobile simulation mining and able to list itself in more exchanges beside cryptopia, it would be able to attract a number of new miners. The problem currently is many ICO buyers(usually those who plan to pump and dump for quick rich scheme) are complaining about their wallets. I foresee the price would take a slump when coins are released to online wallets after hackerone has completed its security reinforcement. This is mostly due to many ICO buyers trying to dump their coins in the exchange.(Demand vs Supply theory) Assuming that supply of ETN sold in exchange is stabilised, ETN team would have to increase marketing to attract more users to involve in mining assuming mobile mining is successfully launch by then. Therefore, I think ETN value will only have significant improvement closer to 2019. For ETN to be as successful as ETH, it probably needs to attract the attention of cloud mining providers such as genesis and hashflare. Once ETN is available for people to mine using cloud mining, it could slowly catch up to monero and Zcash. According to whitepaper, ETN main objective is on gaming and gambling. Perhaps till the day it successfully becomes an international alternate currency for gaming and gambling, it would break $1-2 and exceeds $10 in the future. Summary - $1-2(Possible if) -Hackerone security completed -coins released to wallets -Supply on exchange has stabilised -Mobile mining app successfully launched. $2-10 -Increase popularity through increase in marketing -showing progress in attaining rights to be alternate gaming and gambling currency -Listed on several exchanges >10 -Listed as one of coins available for cloud mining(genesis, hashflare, etc ) -Popularity increases through marketing and word by mouth between users. -Exponential increase in difficulty due to great influx of miners and total hash power -ETN management provides measures on how purchases could be measured given its high value due to only 2 decimal points. -Widely accepted as a payment for new ICO(currently only ETH and BTC are commonly available for token purchase in many ICO) *Disclaimer: I am still a rookie in comparison to many people here. Please do not flame me if you disagree with any of my statement. Any constructive feedback is appreciated. Thanks. Good analysis. I think you're in the ballpark with your estimates. I hope ETN becomes all that everyone is hoping for. |
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Post by Hodlion.com on Dec 1, 2017 15:05:01 GMT -6
I have been a cryptoinvestor myself for the past 2 years. After gaining some 'traction' from the Mainstream favorites (Bitcoin, Ethereum and Litecoin), I have recently been involved with taking part in pre-sales of a promising ICO that I feel has a great value to our world come 2020 and beyond.
In my point of view, Electroneum, Crypterium and Stellar Lumens are some of my favored candidates. Right now, markets are all into just betting on coins with the best values in order to get some short-term gains. I think, with their help, mass adoption of cryptos should come sooner than expected.
Back to Electroneum. they have met up with some hiccups as many pre-sale buyers have compromised accounts, and using these accounts to buy into electroneum that made Richard and his team "suffered" for the past month. However, what comes out of it is that they will emerge as one of the few cryptos that actually take security as a priority (as you know the phrase, once bitten, twice shy.). This experience, couple with the fast growing community of Electroneum supporters, will actually help to propel them into one of the first batch of cryptocurrencies that actually matters to the real world and will gain a quicker adoption than many others in the Top 100 chart.
Electroneum is currently under the radar of big name investors, which is good, as the price for entry is just right. I myself own about 400,000 etn. And I am taking this leap of faith with them.
I believe that Electroneum, will soar in terms of adoption over the next 2 years. 2018 will be their moment to shine. And values will rise subsequently thereafter in 2019, 2020 ,2021, etc...
Wish everyone that is into electroneum the best of luck!
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helps us both out. 
