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Post by mrnewguy on Oct 25, 2017 7:28:05 GMT -6
That's encouraging in a way, lots of keen people, proving that BTC is a barrier to entry which mobile mining and the desktop app will solve. Yes, but they said that they couldn't let ppls buy ETN with credit cards during ico, not in the future. So, maybe, if ETN will spread, ppls will be able to buy coins directly with usd/eur |
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Post by Pete on Oct 25, 2017 10:54:10 GMT -6
That's encouraging in a way, lots of keen people, proving that BTC is a barrier to entry which mobile mining and the desktop app will solve. Yes, but they said that they couldn't let ppls buy ETN with credit cards during ico, not in the future. So, maybe, if ETN will spread, ppls will be able to buy coins directly with usd/eur But who would they buy them from? They would have to be available on a site like Blockchain.info or similar places where people can buy BTC. Unless the guys are thinking of running their own site for buying and selling ETN and other currencies. |
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Post by mrnewguy on Oct 25, 2017 12:07:39 GMT -6
yes they will list ETN on many exchange sites as soon as possible after release
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Post by i e lad on Oct 25, 2017 12:28:09 GMT -6
So, does this mean that the average number of coins bought was 333? (although I know some of us bought quite a lot more). $40,000000/120,000.
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Post by Pete on Oct 25, 2017 12:56:54 GMT -6
So, does this mean that the average number of coins bought was 333? (although I know some of us bought quite a lot more). $40,000000/120,000. It means the average spend was $333, with average number of coins being 33,333. I think. |
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Post by Pete on Oct 25, 2017 12:59:17 GMT -6
yes they will list ETN on many exchange sites as soon as possible after release But most exchange sites you can only exchange cryptos, not buy them with fiat, don't know about anyone else but my route into this was getting an online BTC wallet then going from that to another site to buy alts. |
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Post by mrnewguy on Oct 25, 2017 13:58:18 GMT -6
if they get listed on Kraken, for example, you can buy with $/€, Bittrex as well. Big exchanges accept fiat deposit to buy coins.
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Post by i e lad on Oct 25, 2017 15:56:04 GMT -6
So, does this mean that the average number of coins bought was 333? (although I know some of us bought quite a lot more). $40,000000/120,000. It means the average spend was $333, with average number of coins being 33,333. I think. Of course. Doh! I think I spent about £210 and got just under 37 thousand tokens. So, if the coin was on the exchanges for $1, that is £37k which sounds great but you would have to sell quite a lot to get a decent return. Who would want to sell them at $1 (70p ish), when they would probably go for a lot more in a year or so. I suppose if you need the money now, that amount would be brilliant, especially on an outlay of £210 ish. However, just think what you would miss out on if they shoot up. |
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Post by mrnewguy on Oct 25, 2017 15:59:13 GMT -6
Hold and do not sell for at least 1 year!
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vish
Atom
Now we wait
Posts: 102 
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Post by vish on Oct 25, 2017 17:49:53 GMT -6
shouldnt really be telling people what to do with their coins... everyones situation is different and if you sold at higher then you bought for within a few months and then bought even more coins after the first mass dump.. you';ll probably be better off with more coins that you started with and a fat wallet in the process. Its all speculation.
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Post by Pete on Oct 25, 2017 18:21:01 GMT -6
Hold and do not sell for at least 1 year! That's what I'm hoping to do, I won't sell and buy back lower, but I might buy more in the dips, I'll also add to my stash by mining which will increase the total average percentage return. |
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Post by asanezz7 on Oct 28, 2017 9:06:41 GMT -6
Hi All!
We have an exciting announcement!
Right at the start of the Electroneum journey we looked at many cryptonight algorithm based coins. Our favourite was Monero, for many reasons, however to change it to include all the things we needed for Electroneum was too big a job for us in the time required. We chose Bytecoin for the relative simplicity of the job.
The good news is that once Electroneum started to raise money and our profile was raised, we managed to recruit a core member of the Monero team, to work on developing an Electroneum fork of Monero. He wants to remain anonymous at this stage (probably until we can prove Electroneum to be the huge success we all hope it can be).
We co-developed Electroneum with both our Bytecoin codebase AND the new Monero codebase to allow us to test them against each other and let us choose between them before launch.
That testing is complete! It is FANTASTIC NEWS! We are launching with the Monero based code – which will be VERY good news for Electroneum, and I’ll explain why…
Maintenance and future proofing. Monero is WAYYYYYYYY more developed and maintained than Bytecoin. Bytecoin has had 88 commits to it’s core code since 2014. Monero has had 4795 commits!Stability. The number of people working on Monero and the development has meant it is far more stable and offers many more features, flexibility and growth potential.Ease of exchange listing and likelihood of acceptance. There are only a small handful of exchanges left that list Bytecoin, and it’s been (almost inexplicably) delisted from a number of exchanges, which was a worry for us. Monero is listed on virtually every exchange of note. If they have Monero listed, it makes it SUPER EASY for them to list Electroneum. Copy a few files at their end, recompile our code and it will be live. It will make it literally an hours work for an exchange to list us.Command line languages – Monero have already thought ahead to add language capability to their command line wallet manager – allowing complex use of the product by a handful of languages. It will make it much MUCH easier for us to integrate additional languages into the compiled command line wallet manager.
Small transfer fee introduced.
I’d also like to let everyone know that based on our stress testing we’ve introduced a small (tiny!) transfer fee. The fee is 0.01 Electroneum (or 1 eCent as we’ve been calling them) for any transfer.
We’ve done this for a very good reason, and it’s not to further reward the miners or to take any profit ourselves (that small fee does go to the miners) – but to protect the Electroneum blockchain.
It came to our attention while we were stress testing that with a zero fee there was nothing to stop malicious users from automating scripts that just transfer a balance between wallet addresses as fast as they can – indefinitely. This would clog (flood) the blockchain with useless transactions. By introducing a small fee, any automated script would eventually deplete the wallet total and cost the malicious user money. It is unfortunate that we’ve had to do this, as in our Utopian view of the world, we loved the idea of zero transaction fees – but we’ve had to cover this eventuality and protect the blockchain. As such we’ve made the transaction fee as small as our two decimal placed system allows at o.01 ETN. Hopefully this doesn’t offend anybody too much, as it’s lower than just about any other way of transferring value around the world.
Have a great day everyone, we’re excited to get this live next week!
Richard
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Post by Pete on Oct 28, 2017 10:19:19 GMT -6
While my technical understanding is rather limited, it does all sound very positive.
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Post by mrnewguy on Oct 28, 2017 12:23:20 GMT -6
It is indeed a good news. Well, any news about ETN is going to be a good news because it shows an active dev team and interest for the coin
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Post by mattu70 on Oct 29, 2017 10:42:56 GMT -6
Great update! Everything sounds like a great start to a new cryptocurrency that will hopefully become a global standard.
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helps us both out. 
