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Post by mrnewguy on Oct 21, 2017 12:58:42 GMT -6
Remember, it took more than 3 years for Bitcoin...to become "Bitcoin". And another 5 (FIVE) to reach 6000$. it was launched in 2009. We didn't even have smartphone back then, almost....Remember? it was a long time ago.  What i want to say is, sit back, relax and go on with your lives (still, trying to advertise the use of Electroneum to your friends eheh). It might take a long time before ETN use spread...or for ETN to even become usable at all. At launch ETN has 0 (repeat after me, ZERO) use if not selling/buying/selling. A coin with no use has no future. The dev team will work to make something out of ETN for sure but this kind of work takes a lot of time. We are talking years.  |
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etnsab
Electron
My brain is overflowing with the potential of Electroneum! :-)
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Post by etnsab on Oct 21, 2017 13:29:43 GMT -6
Exactly. This coin was designed to take years to become something proper. It will really depend on the team from now on. If they act fast, push a lot of stuff quickly, get some game companies to start using ETN by 2018, that would be great. Let's hope it reaches $1-$2 by 2019.
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Post by Pete on Oct 21, 2017 14:00:12 GMT -6
Do you think people will start using it as a unit of exchange between themselves, once they have it on their phones? That could happen quickly, with or without involving game (or any other kind of) companies.
It's like if you suddenly start giving people pennies, what are they going to do with them? They'll find something to do with them for sure! That's why I think the app should display the value of wallets in $/£ right next to quantity of ETN, so it means something to people who will still be thinking mainly in pounds and pence (or dollars and cents).
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Post by mattu70 on Oct 21, 2017 14:24:25 GMT -6
The history of Bitcoin and Electroneum, or any other cryptocoin is not a fair comparison. Bitcoin was indeed the first "real" cryptocoin to gain traction. It's value stayed low because the non-crypto world had no idea what it was, what it did, and were wary of a new technology that threatened the "established" way to conduct commerce. However, once people started realizing the benefits of using Bitcoin, it began to catch on. Once businesses began accepting Bitcoin for payment, then it really took off. I got into Bitcoin in 2014 when I was assigned to South Korea. I lived in the barracks, so electricity was free. So I bought Antminer S1s and mined BTC. BTC at that point was in the low $400 range. When I left South Korea in early 2015, it was at $470. I sold my 0.5 BTC and walked away with over $200. Now BTC is over $5700. Within two years the price increased more than 10x.
The general public is more or less more aware of cryptocurrencies and more accepting of what they have to offer. Same with blockchain technology. Now there is a blockchain ICO for everything that requires an uncorruptible chain of events or ledger. Blockchain and cryptos are the future. The big catch is that there has to be an underlying purpose to the crypto/blockchain, otherwise no one will want it. A coin/blockchain with a purpose that people can understand and will use will have instant value. Thus I think that if the Electroneum team can make those inroads into the video game and online gambling markets, and get it widely accepted and used, ETN will take off very quickly. The key is to get the videogame manufacturers (EA, 343, Ubisoft, etc.) to incorporate ETN into their games and make ETN truly portable between games and everyday monetary transaction. Without that, ETN is just another cryptocoin.
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Post by mrnewguy on Oct 21, 2017 15:31:39 GMT -6
Yeah, but they will most likely start with small indie developers and small game industries
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Post by electrotncm26 on Oct 21, 2017 17:05:21 GMT -6
The general public is more or less more aware of cryptocurrencies and more accepting of what they have to offer. Same with blockchain technology. Now there is a blockchain ICO for everything that requires an uncorruptible chain of events or ledger. Blockchain and cryptos are the future. The big catch is that there has to be an underlying purpose to the crypto/blockchain, otherwise no one will want it. A coin/blockchain with a purpose that people can understand and will use will have instant value. Thus I think that if the Electroneum team can make those inroads into the video game and online gambling markets, and get it widely accepted and used, ETN will take off very quickly. The key is to get the videogame manufacturers (EA, 343, Ubisoft, etc.) to incorporate ETN into their games and make ETN truly portable between games and everyday monetary transaction. Without that, ETN is just another cryptocoin. I agree. Without the integration into gaming and gambling markets, it just becomes another crypto. On a good note, the business team behind ETN knows this. The team is made up of members with proven track records and good reputations, so if they really thought there was a slim chance of success, they probably wouldn't waste their time on this venture. Scam artists and cons will waste their time on a venture they know will fail as long as they can get people to buy into it up front. This ETN business team probably has already put some good legwork into setting the stage for success before even launching the ICO. And hopefully that success is an ETN coin that can not only grow to $1 in value, but beyond that. |
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Post by Pete on Oct 21, 2017 19:16:09 GMT -6
Without that, ETN is just another cryptocoin. But surely the difference is the accessibility? Even if it is just an ordinary crypto, most people don't currently have cryptos at all, ordinary ones or otherwise. But they can download an app from Google Play and with a couple of clicks they will have a crypto, for free. People love free stuff. I still think word of mouth - "hey look what I've got on my phone!" - will be a big part of this, including tons of people who never even heard of BTC. |
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Post by mrnewguy on Oct 22, 2017 3:59:09 GMT -6
Yes, accessibility is KEY
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Post by mattu70 on Oct 22, 2017 10:28:47 GMT -6
Without that, ETN is just another cryptocoin. But surely the difference is the accessibility? Even if it is just an ordinary crypto, most people don't currently have cryptos at all, ordinary ones or otherwise. But they can download an app from Google Play and with a couple of clicks they will have a crypto, for free. People love free stuff. I still think word of mouth - "hey look what I've got on my phone!" - will be a big part of this, including tons of people who never even heard of BTC. Yes, very true. I just told my 20 year old son about Electroneum, since he, like others of his generation, lives on his phone. Since he is at the point where every dollar counts, being able to "mine" $30 per month would definitely help him out. This "bonus" would definitely spur him to tell his friends about it, further widening the use of ETN. |
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coin
Electron
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Post by coin on Dec 13, 2017 10:50:36 GMT -6
Bitcoin trade has almost become a household name with ever increasing coverage in the media, and fair to say its notoriety continues to increase. So what's all the fuss about? Bitcoin appeared around 2009 as a new form of digital currency and was develop from the off as open-source by a clever chap called Satoshi Nakamoto. We are told his true identify is 'shrouded in mystery' like he's some kind of Marvel superhero,
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Post by mrnewguy on Dec 14, 2017 12:07:25 GMT -6
The real mervel superhero will be Electroneum-man!
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