My Fortune Cookie: China will choose to mine full blocks when blockchain code is adjusted/fixed
btw, paying 5.9 million ETN/day to keep our ecosystem/blockchain secure and running is NOT very expensive in my book
My Fortune Cookie: China will choose to mine full blocks when blockchain code is adjusted/fixed
btw, paying 5.9 million ETN/day to keep our ecosystem/blockchain secure and running is NOT very expensive in my book
Yeah there are definitely other options to achieve use and acceptance.I just meant for instant access to widespread use.
I understand that I’m just thinking of overall adoption of Etn. If it is easier for Shops to accept Etn it is easier for the unbanked to use Etn. The gig economy in itself will bring great benefit. But the use of the coin in real life is needed also, Shops that accept it need a simple way in and out of fiat.
Lets say someone who is unbanked goes to the shop and buys bread with Etn from a shop owner. That shop owner is most likely going to need to take some of that Etn out in fiat to pay for the supplies for the shop to continue to accept Etn for supplies. That shop owner is going to want a simple easy way in and out to fiat to accept Etn and it should be within Electroneum imo. The inclusion comes from the unbanked being able to use Etn for daily goods and better their life imo the potential is endless. They will be able to do this with shops accepting. Those shops need the ease of conversion. That’s my thought.
I definitely see the barter system taking a big place in it. I think there is a space and reason for all of it. We will have to see with adoption of shops. I’m sure there are plenty of updates coming these next 6 month’s.
Some are banked some not. Regardless they will need to take some of the fiat and put back into their shop to an extent imo. Banked shops especially foreign owned shops will want to covert some back to fiat. But I do see that a barter system still taking place.
It will be interesting to see the adoption in South Africa. I’m looking forward to hearing updates on how everything is going. I believe Richard is still out of town this week. I’m sure there has been more going on than any of us know.
What if the supply network to the shops wants to deal with ETN
Yes that would be ideal and imo in time will happen but I’m not sure about right away if they would enter. But anything is possible
didnt richard say on one of his interviews a lomg time ago that buying etn in app is not part of their short term goals or something? and there’s lots of legal hurdles to go thru before that happens? cant remember exactly what interview that was though.
i could be wrong, hopefully i am wrong. haha
buying in app would be big. everyone with a credit card can be an agent selling etn to the unbanked. surely, there are people in the developing worlds that has a credit card.
Well I joined in supporting the ETN price on Kucoin. Seems to have worked so far.
Yes he did . But hopefully in the longterm it will happen.
I hope the markets change soon. This winter needs to thaw out a bit
Hope it plays out😎
Tsjiing
Agreed fingers crossed
Volume is still increasing
can you say what is a main reason of it?
High volume exchange.