Imagine Monero with $40 Million to market and make the currency more user friendly. That might be what we are looking at with Electroneum. In this video I explain how DASH did a great job of marketing themselves and despite being a clone coin and questionable ability to anonymize transactions like they were declaring it has went to absurd price levels mainly from effective marketing. Monero doesn't have a marketing budget set aside like that but Electroneum could potentially take the cryptonote technology into a more user friendly use case and they have the money to market it and the cult following for Electroneum is already there and coming out in droves online on YouTube and other social media platforms. I have been blown away with how much people are defending the project and how they are attacking people who say the slightest negative thing about it declaring they don't know anything. That was a clear signal for me to mine the hell out of it and buy into a bigger position.
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Wow. Great explanation of DASH and Electroneum. The visual of the history of folks was amazing. I will look deeper into Electroneum.
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I'm glad you liked it. I plan on doing some more videos on it in the future.
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I will definitely do my research on this coin, but the amount of supply is very high...anyway, the long term mobile-friendly application for flash payments could lead to a very good market share, truth is...there are so many potentially good coins out there that deciding is not easy 😞
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I'm with you on it not being easy to decide a lot of times. Sometimes successful ones will get away but you just have to snag a couple of rocket rides to get "Bitty Rich!" LOL
Yeah I hear you on the supply but I think that will eventually play well in their favor. With Bitcoin and even Ethereum, Dash....etc people feel like they missed it if they can't buy an entire coin. It is in their head and they can buy a fraction but a lot of people don't want to do that.
And let's say the crypto market keeps surging then the entire supply being worth 21 Billion if the coin goes to $1 wouldn't be out of the question. So I figure I keep picking it up low and mining it for free and then when it hits the other exchanges and they put millions and millions into marketing the hell out of it around the world then it has a shot at even going to $0.50 or $1 which would be fine by me!
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This was an epic breakdown and explanation dude, nice info all around.
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Its worth a punt sometimes!
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A punt? Like to kick it?
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Oh no, a punt here is like to give it a try, like worth a shot!
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Hahah, Ok, Punting here is this.
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Ha, oops!
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Great video. Actually Charlie Lee - Litecoin founder mentioned in one of his interviews that ICO is not about technology, like Bitcoin or Litecoin was about, the majority of ICO is about marketing, which to me is not a problem it will bring millions more into the crypto ecosystem.
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yeah it is certainly true but in a lot of cases I'm seeing that a lot of ICOs are just marketing a scam and a bunch of hype.
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So are people currently mining this coin with their phone?
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Not yet. There was an issue with the mobile miner and they are working on it but over 100,000 people download it for Android. The only people mining are the people like me on cpus and GPUs. but the blockchain went live on Nov 1st.
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Thank you, sir! I will check that out.
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Apostaremos por el
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Thanks for the post. Its getting a little crazy with all the what I call Monetary Cryptos out there. Basically the ones suppose to act as a Currency opposed to a monetized token. Will be interesting to see what happens but the market appears to be getting pretty darn crowded.
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thank you for your good posting.
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Thanks for the heads up with Electroneum - i'd not heard of it before but will dig deeper and maybe drop a bit into it.
The fact it uses Monero codebase interests me, because you know the fundamentals are gonna be solid.
You are very correct about marketing being important in crypto world - I still see nothing special about Dash technically speaking, and yet its valuation is crazy just because of some slick marketing maneuvers.
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Informative post & good narrative. I often feel i am limiting myself by sticking with the "main staples" in the crypto sphere. However, I am so highly mistrustful... so thx for this info. I will research these currencies more intensively
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Well bitcoin gold just defeated dash for now...
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Yeah it is pretty insane. It is going to encourage more people to keep forking the hell out of Bitcoin and make negligible changes. Oh well! As long as we keep getting free coins and Bitcoin keeps going up!
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Time for bitcoin shadow? https://steemit.com/bitcoin/@sames/newest-idea-for-a-bitcoin-fork-split-anonymity
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Yea, its ultra insane
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