Quote from: Amalgamus on October 11, 2017, 01:34:16 AM

Quote from: BlackWidow on October 11, 2017, 12:57:07 AM

Quote from: Amalgamus on October 11, 2017, 12:43:08 AM

Quote from: jcarl987 on October 11, 2017, 12:34:57 AM

Quote from: Amalgamus on October 11, 2017, 12:12:21 AM

Quote from: contraband on September 25, 2017, 05:23:14 PM

Quote from: Lucacrebbe on September 25, 2017, 04:16:12 PM

You guys make me laugh.... the supply is too big... where is the revenue of mining a coin that will not skyroket (x10, x 100, x1000)?

My opinion

Only 6 Billion are being sold in the crowdsale. The other 15 Billion will be mined over years. Any unsold coins are going back in to be mined as well.

The amount of coins is large on purpose and the price in the tokensale reflects that, so all the large suppy is doing, is moving the decimal point over two spots, as compared to Bitcoins 21 million. This was done so that ETN has more of a real world feel to it. So a pizza would be 12.99 ETN as opposed to .00332 BTC.

Its just a more human number.

The tokens are are still less than a cent with the 40% bonus, so 140 ETN for $1.

This is a steal when you look at who the dev is, the App already made, "First mover" advantage to successful, safe (for your phone) mining, and the plan they have.

I would read over the Overview Whitepaper or even the Technical Whitepaper if you like, and watch this interview with the dev Richard Ells

https://youtu.be/JZ8UfHG5vVw

So if I understand well, may be less than 2 billion coins will be given to the early investors and you will give some 4 billion more freely to add to the 15 billion that will be dumped on the early investors.
It's not a nice way to reward your only true investors. Best way would have been to share the coins with those early investors or burn them.
2 billion coins will be bought and 19 billion given for free. I would feel cheated if I had invested in this ICO even though the price would go up by 10, because they don't show much respect to the people backing them.

As an early investor, adding to the mining pool would be my preference if we had been given a choice. It's going to take years for them to actually be mined.

Yes, you may be right but they should give some numbers so we could figure out. Also giving all the unsold tokens freely to miners puts more pressure on those who invested into the project. For instance, if 1 billion coins are mined in a year that will be like a very high inflation rate for the first investors.

Than stay out of the ICO, and MORE IMPORTANTLY OUT OF OUR THREAD with your weak ass attempts at FUD.

I would expect higher level deception coming from a Supernet Supporter. Talk about losers. After that, I take it all back. You couldnt see a real project if it hit you in the face

I talk and go wherever I want. In fact, I just came across this ICO by following a twitter link and found this project interesting and was going to invest a few bitcoins in this.
But after doing the maths and seeing how poor the reward was for the early backers I expressed my opinion which seems to be touching a sensitive spot in you. Thanks for your kind words, I won't come again in your thread as I would rather stay away from people like you who take pleasure by insulting others.

Well, for one please dont take Blackwidow as a representation of ETN community overall. He doesnt always play well with others.

Im trying to follow you. You are concerned about the unsold coins going back into mining, and this causing a "poor reward" for early investors?

Im having a hard time understanding how you got there?

Have you read the whitepaper? Watched the dev videos? Or maybe you could break down the math that brought you to this conculsion?

Thanks