Is Electroneum Flawed?

in #bitcoin6 years ago

Electroneum is a new cryptocurrency that has been generating waves of interest with a new value proposition: acquire new users via a mobile mining experience. Whilst this might seem like a great idea on paper, there might be some key issues with implementing such an app.
White Paper: http://electroneum.com/overview-white-paper.pdf
Technical White Paper: http://electroneum.com/technical-white-paper.pdf
Disclaimer: The statements in this video are solely my own opinion and do not constitute a recommendation to buy/sell any particular coins.

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very good insight! being a miner myself, i can relate to the hardware limitations and PoW you talk about!

Electroneum to me appears as an over hyped ICO that will most likely pump and dump, so depending on how quickly you can get it to an exchange after listing is how profitable you will be.

They endorse 'mobile mining' which is where I struggle to see the value in the coin. If something is so easily mineable how does it have value? It will need significant community backing and mass adoption. If these two pull through this might have some value but there are much better quality coins out there in my opinion.

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I saw this video yesterday, just in time to not buy. Thanks. Other thing I'dont like is "we are the firs UK cryptocurrency". I thought Stratis is from UK too.
Good video

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