Quote from: realhellomoto on November 08, 2017, 01:30:56 PM

Quote from: online987659329 on November 08, 2017, 01:05:46 PM

Quote from: realhellomoto on November 08, 2017, 12:55:33 PM

Debugging Electroneum:

Webpage:
The webpage has 6 news articles which make a filler on the website.
1 is a paid FXempire article which shows up on yahoo, which they base a lot of trust/confidence on.
1 is an interview with the Founder.
4 are just 'Filler ad about Bitcoin'.

Github:
https://github.com/monero-project/monero/compare/master...electroneum:master
If you know github you can see the project was forked on the 31st of October and then 5 commits later, released.
Commits on Oct 31, 2017

Electroneum
* Forked Monero

electroneumRepo
-Updated Seed Servers
-Delete CONTRIBUTING.md
-Delete icon.png
-Add files via upload
-Update README.md

These are the exact changes from the actual Monero github. Now you don't actually have to know any blockchain technology to do what was done here. It blows the mind that it was done 31st of Oct, a day before release.

Mobile app:
Does not mine, cannot mine, or will not mine.

It is possible to mine on an android. As they will allow app which mine on a cellular phone on their app store, technically its possible. You do not want to mine on your cell phone as it will be almost unresponsive and your battery wont last very long.
As for iOS. You will never get a miner on the iOS App Store. In fact if you somehow did, it would be shutdown the moment the app is in the background. As for only navigation and VoIP have background rights.

Next thing that was brought up. The app does not actually mine, it just gives the illusion that its mining. Ok.. cool yeah
The mobile miners bring the utility of viral marketing to Electroneum and are awarded with a number (smaller) of Electroneum coins for doing so.
So if its my understanding, the 'mobile miners' arent miners. They are marketeers which are rewarded Electroneum coins for doing so? This is the "we call it the Mobile Mining Experience."?

The mobile mining experience does not download a copy of the blockchain or carry out intensive CPU operations
to provide egalitarian proof of work, it is intended to give entry level access to a cryptocurrency by allowing the
experience of mining (i.e. being issued a hash rate reflective of the CPU processing power of the device and being
awarded coins for participating in the experience). The Mobile mining experience does not directly add blocks to
the blockchain and thus it does not overheat the mobile device or use precious bandwidth. The CPU of the device
is periodically queried to ensure the simulated hashrate is correctly balanced with the other running processes and
it gives the user a very realistic mining experience, including accurately issuing Electroneum coin rewards

So lets break this Electroneum down.

1. There is no mobile mining.
2. This is just a direct monero fork with lack of technical background of doing any actual improvements or anything to support mobile miners.
3. They have technical problems which are now turning into scam problems.
4. They are holding up the price by purchasing ETN tokens themselves on Cryptopia.
5. The team is comprised of Retortal (retortal.com) white label Social Media Management service Reviews, Ratings, Public Info, and Contact Info.

So should we expect our data to be on a reseller list?

-hellomoto

1. it's not launched - they working on it
2. monero fork was for the blockchain only - not for the "mobile mining"
3. yes, and they work to solve it
4. proof?
5. so what

The proof to 4. They are holding up the price by purchasing ETN tokens themselves on Cryptopia.
Since they did no pre-mine and forked monero the day before release they don't actually have any tokens to supply to the investors, so they are purchasing them.

-hellomoto

please check again:

https://blockexplorer.electroneum.com/search?value=1

Quote from: contraband on November 04, 2017, 09:28:58 PM

4.4 billion coins were sold in the token sale
.6 billion estimated in referral bonuses

Plus whatever has been mined so far

These will be the coins in circulation

For transparency

12.6 were premined total
7.6 estimated will be locked away and put out slowly to mobile miners

That leaves the 5 Billion to investors and referral bonuses

CMC has said they will count only the mined coins, investor coins, and referral coins as in circulation. We will see if thats how they do it soon enough, but that is what we were told.