Quote from: tmschard on November 23, 2017, 08:56:11 PM

Quote from: callkiller on November 23, 2017, 08:47:06 PM

You simulate mining with the app and you earn coins for running the simulation or playing the game on the app. You can then transfer ETN from the app on one phone to the app on another phone (kids are going to love this app and it gets them interested in crypto currency) I'm not sure of the exact details as I know nothing about mining myself. This has the potential to be huge in my opinion if the app goes viral.

I know a little bit about mining and from what you told me, it's all a big hoax.

Mining involves millions of mathematical calculations for decoding resolution in order to authenticate a given transaction. Mining is not a joke and can not simulate, also because it is necessary to respect the currency conversion level ... that is, it is not simply a number played.

You see, I sincerely believe that's not what you said because it would be too naive to believe in such a madness, but one thing really worried me: As a person, I say the CEO, was not able to secure the tokens of ICO, come talk about innovating in mining? Think about...

This is what I thought and said but Id been shutdown. Mining doesnt need to be PoW it can be something else as well but generally it is done that way, so its computatinally infeasible to interfere with the blockchain (e.g. 51% attack would need over half the hashpower of the entire network). So the mobile mining is a simulation and theyre going to airdrop or give it away and people think it will have value when anyone can get it? I think the reason its hyped up is because millennials and people sitting in school/studentsthink they can make money just by having an app on their phone based on the coattails of bitcoin and other high profile cryptos which have big market caps.

All you have to do is look at the hashpower on the network, its pathetic at the moment. Thousands of mobile phones simulating (lol) isnt going to do anything for that either - and if its a simulation, someone controls it, e.g. the dev crew and its therefore centralised.

The CEO comes across as a bumbling idiot with minimal technical knowledge - you say he doesnt need it, well I would argue that a basic understanding is important. They probably have the biggest hype so far and thats why its got to where it is, and also why Im not totally writing it off just yet.