I'm a big fan of AltCoins. The improvements on technology, the use cases, and the extremely... creative names and premises. Like Useless Ethereum Token:

Yeah, really. This had some value at some point too:

If you'll pardon my Perjorative English, There have been some really shitty ideas for crypto in the past. Some really shady stuff. I think that this has been a big reason why people stick to the basics. I have received a number of Tweets from people telling me "Ur wastin' yer moneh Chief! Errybody knows that BTC IS KING AND LITERALLY EVERYTHING ELSE IS BALLS, MAN!"

Well, I don't think so. Think of it this way; when cars were invented, we had the Model T. It was one of the first mass produced cars in the world. It had the car market cornered back in the day, and Ford was rolling in the dough. Pretend for a moment that over the next hundred years, people didn't improve car technology. We still had Model Ts with new paint jobs and tempered windows, but otherwise, things remained the same. No innovation. No improvements. Does that sound like a future you wanna live in?

Alts Have Value. They Bring New Stuff to the Table.

I'll end this little initial digression with a simple procedure for due diligence. AltCoins brought new technology to the table. They are worth looking into. Bitcoin is fun, but there are other cool things out there. If you wanna get into them, follow these rules:

1.) Don't listen to me. This isn't financial advice when I finally start talking about Electroneum.

2.) What's the blockchain tech look like? Is it PoW like Bitcoin? Is it some new form of DPoS like Stellar or Tron? How are blocks formed and rewarded? What's the security look like? 

3.) What's the use case? Is it a widgety widget that is trying to bring a decentralized blockchain solution to the underwater basket weaving industry in Madagascar, or does it have a great potential use that everyone is gonna wanna take advantage of?

4.) What's the token/coin supply size look like? Are you dealing with a crypto that has 3 Trillion coins in circulation, and would only increase in value if we became a Malthusian interstellar species in twelve hundred years and it becomes the ONLY widely adopted tech out there? OR does it have a reasonable supply, with features that deals with deflation/inflation?

5.) What's the Dev Team look like? Are they slouchy nobodies running the entire operation out of some underground Neckbeard Lair, or are they reputable, communicative, and determined to make their solution grow... in like an office or something? Are they on Telegram? How about Twitter? Are they responsive to questions?

6.) Is it BitConnect? If there's a staking reward system in place or something similar, is it offering an unreasonable, unsustainable return? IT might be a Ponzi Scheme. This last one is important:

Don't be that guy. Please. Anyways...

This Is The Part Where I Talk About Electroneum.

Not all Alts are created equal. In my opinion, Electroneum meets the criteria I have listed above. It is an interesting project; In a nutshell, it is this: It is a cryptocurrency focused on developing countries and economies where access to a bank account is limited or impossible.

If it sounds like some Hippie/Commie stuff, it isn't. It is actually a brilliant idea. If I had to think of the NUMBER ONE issue with cryptocurrecies today, I would probably say it is ADOPTION. Less than one percent of the world uses Crypto, and it has been a thing in the public conciousness for a little more than 10 years. That's tiny amount of people in a tiny amount of time. It's a platitude, but it is true; the Crypto Space is still the Wild West. But things are getting better, and Electroneum gets it. Wanna get people to use the tech? Give it to a whole bunch of people who could use it the most.

That's a mighty fine selling point.

I Wanna Go Fast!

One of the features of Electroneum is really fast transactions. in a matter of seconds, a person in Japan can recieve an ETN payment from someone in the United states in only a few second. In your Face, Grandaddy Bitcoin. Of course, there are several different technologies nowadays that can do transactions really fast. Take Tron for example. They have a TPS of 2000. That's better than Visa or Mastercard. Still, the "instant payments" feature is a really nice thing to have, especially if you're wanting to say, be a vendor and accept ETN as a form of payment.

Mobile Cloud Mining Technology

I'm lazy. I am always looking for a way to do this or that and earn me some of that sweet ass crypto with little work on my part. Sure, I could buy it, but what if I could get it for free? What if I had the power to mine crypto using my humble resources, and make a little money doing it?

That was their idea; to establish a way to allow anyone with the app to mine about three dollars a month of crypto with little to no experience with ASICS, Computer programming, or anything. You can just press a button on their app, and you're earning some Magic Internet Cashola. Boom.

I know what you're saying. That's not a lot. Maybe it isn't, but to their targeted demographic, it is a fair amount. Not only that, but it is their method of getting coins out there to be used. It's almost like a Universal Basic Income. Keep your app rolling, and you're getting some cheddar. Now you can use that to go and buy things from your nearest ETN vendor, and they can take it to the exchange and sell it.

If you are familiar with some of my posts, you know that I'm all about the In-Flows and Out-Flows. This is crucial, and when you make it to where it's incredibly easy to get your crypto and spend it, you are making it to where people will want it and adopt it. And this is a big deal and I'd say that this is the reason why ETN might be a bigger player in the coming years.

Did I mention that they're getting into the gig industry? They're gonna have their own Version of Fiverr which will allow folks who use it to get paid in ETN, which they can then use to buy things with. This is gonna create a bunch of in-flow and out-flow, as they exchange Fiat currency for ETN on exchanges, then distribute it to workers on their site. Good stuff.

So that's the strategy: Increase adoption exponentially, and get that In-Flow Out-Flow Game running. Nice.

Financial Opinion on ETN

So, queue the concern; ETN has a pretty big supply (about 66 Billion) and the Numbers are paltry as of now:

This however, does not concern me. Why? Stock to Flow. If Bitcoin continues on its Stock to Flow Trajectory, it might be nothing to see a market cap of nearly a trillion. Even if Electroneum was a dollar in this brave new world, its market cap would be around the upper tens of billions. At that point, that's chump change, but still formidable when compared to traditional markets. So, there is a reasonable supply window somewhere between how the market can do in general and adoption. I see no reason why for investors, this could be a big deal for the long termers and swing traders.

But that's just my opinion. Time will Tell. Do your homework. Go learn more and read the whitepaper at Electroneum.com.

And HEY! One more thing!!

If your journey takes you to downloading the app and being part of the Electroneum community, use my Referral Code AE5EB9. You can enter referral code under "generate more ETN".