Grant Cardone’s First “AltCoin”
As I’ve publicly stated before, I own 80 Bitcoin. This is a small percentage of my overall wealth. I stick to real estate, but I like to be open to new technologies and so I’m one of the few guys my age interested in what Crypto will bring because I know crypto has the potential to solve a massive problem in the world: the ability to move money.
I've noticed a few people make videos on YouTube saying how I would love a new crypto called Electroneum.
I've said on Ivan Tech's show we need infrastructure to spend crypto, we need a crypto for the people. Is it true Electroneum can be on your phone and easily transferred? If Bitcoin can’t be sent for transactions without waiting for hours, this isn’t practical in the marketplace.
What is your take on Electroneum? I'm not the expert here, but people are making videos about me loving this thing.
Comment below what you think.
Be Great,
GC
Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance. His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
As for the problems with sending transactions, this is why Bitcoin Cash was created!
if you had your Bitcoins before 1st August this year (which I think you did, if I remember from one of your interviews!) you will also have the same number of Bitcoin Cash.
Please listen to this AMA with @rogerkver, the "Bitcoin Jesus." He is early adopter with one of the largest Bitcoin holdings of anyone, and was the world's first investor in Bitcoin startups, who helped to build much of the infrastructure around Bitcoin today.
Together with a lot of the Bitcoin community, he has switched to supporting Bitcoin Cash as the real Bitcoin, and he's the best person to listen to if you want to understand the whole history of Bitcoin, the scaling debate, and the future of Bitcoin Cash.
@rogerkver is also on Steemit if you'd like to get in touch with him, I'm sure he'd be very happy to talk to you @grantcardone!
That would be awesome to see!
@grantcardone I would recommend you take a look at EOS.
The project is lead by the same developer who designed Steemit, Dan Larimer, and promises to be the first blockchain to scale to an industrial level, handling over 1 million transactions per second.
It is designed to be a platform, like Ethereum, for developing decentralised applications and smart contracts. Something just like Steemit could be built on top of it, together with hundreds of other websites and apps just like it, all decentralised, monetised and on the EOS blockchain.
The co-founder of Wikipedia Dr. Larry Sanger will be developing a new project, Everipedia, on EOS, and many big names will be announcing partnerships in the coming months.
The project is in the ICO stage and is already the best funded startup in history, having raised hundreds of millions just through the ICO, together with over $1 billion through venture capital funding to support new app developers.
http://eos.io
You don’t need all these alt coins. If you want fast try litecoin or ethereum. Ethereum can handle 1 million transfers. Steem also. Their fees are relatively small, just a few cents. For the average person it won’t matter. For bisinessses the fees may add up. I think most of these alt coins will go the way of pets.com. The thing with coins is they are software. They can change and adapt to cover different areas. I don’t think you will need more than 5 coins any more than you need different operating software like windows, iOS, Android, Linux, etc.
Also you have to consider tech in its current state is inferior. Just like 20 years ago the internet wasn’t scalable. We didn’t have cloud computing and massive servers and fiber optic lines. Once the demand for everything blockchain grows, the tech will grow and scalability issues won’t be such an issue.
This is all just my opinion, and I want to have a massive real estate empire like grant cardone.
Love Electroneum. Sent my coins from the app super fast to the paper wallet that they make easy to get. I gave electroneum as a dirty santa girft! It was stolen twice and the person that got it was very happy!
Electroneum is interesting, no doubt. I was turned off by their heavy paid Facebook advertising (if your product is good, why do you need to pay so much to get the word out) but the premise seems solid.
If you like the mix between crypto and real estate, you should check out Caviar https://caviar.io. They're a Boston-based fund that diversifies your investment into real estate and cryptocurrencies.
I wrote an article about electroneum two months ago during their ICO sales when the hype was real and they seem to be everywhere.
Electroleum - The Next Huge Cryptocurrency or Just a Hyped Cryptocurrency?
One thing I understand about this industry the hard way that makes it different from the real world is that; there's a change of power, money and influence from the app layer to the protocol layer.
In the decentralization era brought by the blockchain technology, companies like Facebook and Google (app layer) will not have the highest market capitalization, but the protocols they are built on like https, itp or in decentralization case; Bitcoin, ethereum and eos will and already are.
This industry is just growing and what I believe will augment its growth/success is not thousands of token/coin released daily, but blockchain protocols developed that bring about new use cases for the industry.
Out of the first 20 cryptocurrencies in the world with the highest market capitalization, not less than 15 are blockchain protocol based and not just some tokens or a Dapp.
Why? Because value is changing hands.
Is it true Electroneum can be on your phone and easily transferred?
Yes, that's the promise at least, but there is no evidence they are or will develop a protocol that will make that happen. In other words, they are not strong enough to provide for the need and the same time save you from other competition.
There are already many altcoins out there doing same thing as electroneum with a tested protocol technology. STEEM, Bitshares, Litcoin and many of them are already in the market.
Electroneum is a very speculative play... I have a few hundred thousands of coin with my play money lol
@grantcardone if you are looking for "Game Changers", take a look into EOS and Salt. These two crypto are going to change the game :)
Electroneum promised a thing that was we could mine just by mobile which seems to be impossible as of now @grantcardone do you think bro is this possible..... Informative article thanks for writing!!
I believe that Electroneum will be in the top 10 cryptocurrencies. Their marketing plan is elaborate and flawless. And obtaining it is so convenient, via mobile mining. Marketing is key: the most garbage-quality food chains are the most popular, and they profit the most; so what makes them flourish? MARKETING.