Quote from: Chokolo on September 01, 2018, 11:44:27 AM

Quote from: Lordas on August 24, 2018, 06:01:02 PM

Quote from: loonb on August 22, 2018, 04:17:17 PM

I believe we all know what prompted the slow pace of the coin. The best option for everyone here is PATIENCE!. I know electroneum will surely recover and stand strong!

All the steps what was intended should be done already... Even coins with one dev going faster..

Yep.

And that was because this shitproject was based on a shitty idea:
Give away free ETN through their mobile «Miner» in hope that people would shill for this coin and increase the value. It obviously didnt happen. The value of Electroneum tanked the minute it was releases.

Then you have this stupid patent lie the CEO of Electroneum Richard Ells have been trying to spin as something revolutionary, which you see these braindead Electroneum shills try to talk great about. Except its a stupid solution. Electroneum is a Monero fork, so its limited by that transaction speed. And Monero is slow. So Richard Ells made a patent that ensure that people get their payments whenever the transaction hits the blockchain. So instead of many minutes it would take to get the transaction complete and paid, it now takes maybe 15-20 seconds with this patent. And it requires special hardware installed in payment systems to allow it to happen. We have Ripple, Nano, dozens of other crypto credit cards, all with real instant payment with no hardware or software requirements. All are finished in a few seconds and fully executed on the blockchain. Nano is even feeless.
Electroneum is basically trying to use a far inferior product and trying to do what other superior crypto projects have done atleast a year ago.

Electroneum have nothing to offer. Its all a scam

Thats what Ethereum is reducing their block reward even, to balance out the coin economics. And then you have ETN just handing the stuff out for free...

Ells is trying to essentially build a Lightning Network second layer for his coin but unfortunately his dev team are totally useless and they cant do anything right, so a world-class instant payment system, I think not... would anyone have been surprised if he built a payment network in a much shorter time than Bitcoin? Ells is a failed businessman, his marketing company was a joke despite the lies on his LinkedIn and his coin is the same. The only people who are clinging on and shilling are just delusionally trying to hold onto the last vestiges of hope that this might actually be worth something one day. People are predicting it might go as low as 30 sats! Yes, if it hits 30 sats you can wave goodbye to your ASIC miners, something else they dont seem to understand - they think their phones are actually mining and securing the network... lol.

I hate being that person but when this all blows up I will definitely be standing around saying I told you so and I will also be making sure Ells is held to account. In the UK, what he is doing right now would constitute a confidence trick or fraud.