Now my.electroneum.com needs KYC, this is ridiculous. The electroneum ltd company needs your full personal details (via yoti, just another bankrupt british start-up company with a negative net worth of 27 million pounds) to make cloud mining with smartphone for a small amount of cents per month!

The coin is semi centralized and fully controlled by electroneum ltd and chinese mining giants. The electroneum ltd has contracts with chinese mining giants for cheep mining in China, that's why the coin does not have the monero algo CryptonightR and altered to cryptonight an ASIC mining algo.

The whole electroneum crypto project is for failure after the continuous cryptocoin market crash and the british economy crash after brexit. So maybe they will decide to sell your full personal details that they have acquired via KYC, for marketing purposes if it is needed, with excuses like we have been hacked, etc... or maybe have difficulties to pay the etn.

Your personal details have value don't sell it for just a little cents to suspicious start ups.

Yes that's right, it's original cryptonight algo, they decide to alter from cryptonight7 in 2018 July to allow ASIC mining

Yea, the kyc requirements are unnecessarily tight.

Here we have someone transacting less than a dollar worth of coins. That isn't worth the hassle of scanning and photoing ...

Now it looks like you really took the time to a proper investigation.
However, here are my investigation results:

Did you ever do a serious business? Buying toilet paper completely anonymous only works at your local toilet paper dealer.
Whenever you do business online, i.e. ebay, Amazon, Facebook, online banking, you always have to put your name at a minimum as well as address details and some form of payment.
So, no. It's not ridicculous, it's just serious.

Nope. Only if your total amount is or was or will be (based on Amazon AWS analytics) above a certain treshold in a certain timeframe.
For further information about the tresholds, please refer to the jurisdiction of your local neighborhood.

Did you miss the article, that Yoti is even being used by the Scottish Government and is being implemented on hundreds of websites proving the age of UK residencies?
I have to admit, I did not find any financial information about this private company. So I assume you are of of their employees? Or how do know whether or not they do negative business?

True. The instant payment system as well as the web wallets is being hosted by AWS but under the control of Electroneum.
But that has never been a secret and is also true for millions of other websites you are probably working with. (i.e ebay, Amazon, Facebook)

Well, there has been a time when most of the hashrate came from a chinese mining pool. That's true.
But this information changes rather fast.
Currently most hashrate comes from the Netherlands.

All the ETNs that are being distributed through the cloud miners were premined. Which is and never was a secret at all.
No need to pay money to anyone to have them mine any coins for that cloud miner ETN pool.
In regards to the hashing algo, Electroneum is based on the original monero code which is based on Cryptonight.
I'm pretty sure you meant that, right? Because everybody knows, there's currently no Asic available for Cryptonight7.

Electroneum has nothing to do with Ethereum.

Nope, Electroneum is a coin based on its own blockchain.
And as you mentioned yourself above, it's even a completely differnt Hashing algorithm.
Ethereum is Ethash which is based on SHA-3
Electroneum is based on Cryptonight.

That would be against GDPR. Since they do serious business they have to honor the law as well as everbody else (i.e ebay, Amazon, Facebook)

I fully support that statement!
But Electroneum is not a suspicious startup. They are a real company.
Or are you refering to Yoti again? Use Google. They are a real company as well and aren't suspicious at all.

The toilet paper is more expensive than 100etn per month. Facebook, Amazon and Ebay they gain our confidence before KYC and NOT enforced the confidence to their customers like electroneum ltd that is a main difference, also they sell real services or goods and not s***coins like etn with speculated value. So do not compare Facebook, Amazon, Ebay, Google etc with electroneum ltd.


Do you mean that the 120etn in 50 days needs the KYC right?


True, is premined 8.2B ETN for mobile mining but all we know that mobile mining is a fake. Last months they want to change the 'mobile mining' to 'cloud mining' but if the etn amount for mobile app users was premined, their marketing campaign about cloud mining or smartphone mining is fake. Are they serious company? It is not shame for their, to tell that is an airdrop.

Maybe you do not read the next post.


True the erc20 is a scam https://etherscan.io/token/0x81f89694ac96fefd794cb2c8526d2bd8da74b1fb and https://www.facebook.com/electroneum/posts/1908477476080888


No one is guilty until proven like Cryptopia, Cambridge Analytica, Mt. Gox etc. They make also serious business before.
If you interest about yoti here the docs in public https://companycheck.co.uk/company/08998951/YOTI-LTD/financials#key-financials and I am not previous or current yoti employee or somewhat tax auditor.

WTH? 53% hashrate from one pool?!? We might see another 51% attack soon if that carries on.

Any explanation from team regarding providing ETN with more hashrate from some of team's own miners?

We don't know what was the companies main aim for KYC, maybe they are coming up with the different solution who are holding exactly ETN in the market. While uploading document we need to specify the ETN address where we are holding the coins.

This coins price hasn't moved at all since Huobi was added. You would think the price could at least surge a small amount. That's very disappointing and disturbing. The clowns that tell you to hold for 5 years until mass adoption are growing thin with most investors. We need to see some price growth. We're not in this to just go a long for the ride. We want to make some fucking money from our investments.

That is the difference of being listed on big exchanges they have big players with huge amount. I don't think this is sign to get worry for this kind of volume we are waiting for from very long time and now it is happening which is good thing from my point of view.

Is there a trusted desktop wallet for ETN?

+ do I need to worry about KYC to just buy at an exchange and store on my wallet?