Quote from: jnow on September 14, 2017, 06:49:12 PM

Quote from: Chris001 on September 14, 2017, 06:40:27 PM

Quote from: jnow on September 14, 2017, 06:30:49 PM

So if everybody's mining it on their phones, who are they going to sell it to?

Would you buy it if it was mined by millions of people? I know I would.

If EVERYBODY started mining it, it would then be used by millions as currency
You cant have the world mining and selling their coin and not have a % of the people that would use it as a currency as well. This would bring value to the coin. The first coin that reaches mass adoption wont be harmed by widespread use, as that is all it needs to be profitable and successful.

The short answer is NO.

For it to become a currency, it needs more than just a bunch of people mining it and holding it (think about who controls the financial system).

That argument is for all coins then, no?

This post I made earlier I think sums it up well. I think this will be a very profitable ICO

Quote from: Chris001 on September 14, 2017, 08:00:25 PM

Quote from: asanezz7 on September 14, 2017, 03:36:50 AM

It's not a scam. And as of the moment they already raised 991.1120 ETH and 49.9435 BTC.
If you are interested visit: http://electroneum.com

or this http://crypto-knowledge.blogspot.com/2017/09/electroneum-worls-first-common.html#more

I agree the devs are high profile. They might have enough money to disappear but I dont think that is their intention with this coin.

That is 40% of my funds allocated for cryptocurrency. I usually keep it around 4 or 5 coins easily, but I broke my own rule for this one. What Ive noticed is coins that have 1st mover advantage are more likey to be profitable. People have been trying to mine coins from the phone forever and they only burn up the phone. This is first coin designed to be mined on a phone sucessfully. Another metric I use is if the coin is designed and already made prior to the crowdsale, which electroneum is. That is enough to invest right there. They also have a CEO at top marketing firm that services Fortune 500 companies. This knocks it over the top. I know that this guy has a coin that mobile mines. He has it in an app that is already available on the andriod and iphone app markets.

His job is to get people to download the app now. This is what he does for a living and he made it to the top (owner or Retoral worth 50million), and he has a team of twenty people working with them at the Electroneum Office in England. This is what he is good at. Hes done it up till now. He added a game to the app that mines as well.

With the team he assembled I believe am they can reach 10 million downloads. This isnt a super big deal in the app industry at all. This will be low.

Its reasonable to believe that if any coin has a shot its this one.

It up to 73 BTC and 1350 ETH with 4 hours to go on the first day