Electroneum: 2 Million Users! We Did It! (Giveaway)

Hey you, welcome back to the channel. And guys, today we've done it, the confetti has been released, we have over 2 million registered users. And so, uh, I knew the day was coming. Uh, Electroneum is one of the— has one of the largest communities in cryptocurrency. I believe it will have the most wallets. He who has the most wallets will win. And, um, uh, Electroneum has decided to do this great, uh, show of appreciation, this, uh, give out these prizes. Win $2 million for 2 million registered users. So they're going to be giving out over $2 million in Electroneum, with the first prize winner taking home over $400,000 Electroneum. And they're going to be various prizes. Second place, $250,000 Electroneum as part of Tier 1. So what the— what did the— this is all about Uh, these, this contest, these polls that they're going to select is going to be about, uh, you know, telling pretty much what you like about Electroneum, why you find it's, it's so great. And, uh, you know, I think many, uh, Electroneum channels such as myself who have spoken to many of you all and have enjoyed our time with you all, getting to know you all and getting to know the community, um, the greatest community in cryptocurrency. Many of us have chosen to opt out due to there being this disadvantage between, uh, our outreach and, uh, you know, you guys who are doing your part in the Electroneum community and not being able to you know, maybe have as much reach, uh, as some of us do, but at the same time being part of the whole, right? Being as important as any of us, uh, like the 3 arrows, uh, proverb that's been going around. I think started by All About Tech, which was a great, uh, idea about how the together we make the whole, and we are one in our endeavors to make this work. So, um, whereas I'm not choosing to, um, I am, um, not going to exclude myself. I will be entering, but I won't be entering under selfish desire. I'm a big believer in distribution, and these are quite a bit of, uh, Electroneum tokens being distributed. There are over 2 million. And many of you all know that Electroneum does run a referral program for the ETN miner, and I've had referrals sign up, as maybe many of you under us. And as a show of appreciation, I found ways to try to give back some of that to the referrals and to some of you through a kind of bonus bonus token, a rewards token that I run on my web page. And so that's the only reason I will be entering, guys, as a means to, uh, if I do win this contest, to distribute this back to you all so that it can go through this, uh, bonus token that we have on our web page and, uh, hopefully reach other people. You don't have to spend any money with our tokens. They're all free. In fact, the, the coin is, um, The basic concept of it is that, uh, you don't need any direct investment in it, that you earn these tokens just by participating in various things like that. And, uh, what this will do will help us to create that pool, make that pool even more valuable, and give more outreach. But let me talk about some of the reasons I like Electroneum. And why I think all this is awesome that's going on, this contest, um, Electroneum reaching 2 million users. And let me get into why I think that, uh, Electroneum is, is so great and why I've been making all these posts about it. Let's, let's go back to the very beginning. Let's talk about the start of cryptocurrency back in 2008 with Bitcoin. And the formulation of the blockchain technology. Bitcoin was supposed to be this digital money that gave money back to the people, right? It was supposed to, uh, give our money, give the control of our money back to us, and be decentralized where it couldn't be, uh, disrupted by by outside centralized authorities. And although Bitcoin tried to achieve this and has made great strides, we have seen the limitations of Bitcoin. We've seen the problems of Bitcoin. We've seen some of the issues with decentralization, that when everything's decentralized, on one hand, that's great, but who initiates, uh, what's going on, you know? And so many communities might pop up, but then it's hard to have certain organizations. Uh, you know, as we saw, it took a long time for Bitcoin to get the market and get needed. It was no leadership, you know, in Bitcoin. It was people emerging here and there. And so many of the goals we hoped that Bitcoin would achieve and many of these cryptocurrencies, I now see this being fulfilled by Electroneum. Electroneum is, I can see now, going to perform much more better as a, a money, right? As a token that could be distributed, distributed in exchange from person to person. I believe in one of Mr. Richard L's videos, his documentaries, he talks about the idea of money velocity, or the velocity of money. And to understand that the velocity of money is talking about the speed in which monies can change hands, right? And that's very important because there is a relation between— in traditional velocity of money, there's a relation between velocity of money, interest rates going up. And where it's a little bit different in the cryptocurrency space, because in cryptocurrency you have more so a money supply acting like a commodity at the same time. I'm just going to get into a little bit about that and why I like Electroneum so much in relation to that, because I think Electroneum is going to fulfill that purpose more better than Bitcoin and many other of these cryptocurrencies that are out there today. And I'm going to explain to you exactly why. Now, we talk about the velocity of money and the speed at which money changes hands. There's several things happening here. As money's changing hands, Electroneum's changing hands from person to person. Now you're growing the pool of people who have control of the money. Now let's go back. Let's, let's divide Electroneum from, from money now to commodity. And let's go back to something in antiquity that was both money and commodity, and that was gold. But the problem with gold was that gold was limited and you couldn't get it in the hands of enough people, and that caused the economy not to be able to grow as large as it could have if the gold was more readily available and could be distributed across mass groups of people. Electroneum doesn't have that problem due to the technology. It can, it can be divisible by decimals and can reach a great multitude of people, as we well know. And so it doesn't have that problem. Now, where it's a little bit different, I think, in cryptocurrency, whereas in the money— and money, as interest rates grow up, there's a relation, correlation between that and the velocity of money, the speed at which the money's changing hands. It increases as the interest rates go up. But if we go back to how it will work if you're dealing with both commodity and money, right, I think it will work more so in my theory, in my opinion, it will work more like so. As the more of the, the Electroneum changes hands, Electroneum goes from one person to the next person. Now a person who didn't have Electroneum before has the opportunity to do something with that Electroneum, which would be to trade for some good or service that they can create. And it goes to this person, they create a good and service, and they give to this person person and vice versa. And now they've doubled that money. That money has created more value within itself. Okay, but how it will work, I believe, in the Electroneum ecosystem, the blockchain, is as the money of Electroneum, the velocity of money, the money keeps changing hands at a faster rate, I believe the value of Electroneum will increase and more money will be spent more money will be spent because of the opportunity, the raising value of Electroneum. You're gonna spend Electroneum as Electroneum goes up in value. You're not going to spend Electroneum if it's not moving upwards in value. You're gonna probably hold it until it starts to increase to a certain degree, much like what we're doing now. And in traditional money, it kind of works the same way. You're gonna spend as the interest rates go up, try to take advantage of that. So, so that's my idea about that. That's why I like Electroneum so much. Uh, the mass adoption having relation to the money and the speed at which the money changes hands, thus creating all this opportunity, uh, in the money supply, or with the Electroneum, give opportunity others. As Mr. Richard Ells talked about the gig economy or I'm sorry, the gig website where these services, these digital goods services and content creators or digital creators of value will be able to swap those services for Electroneum, this valuable now token that is changing hands and building up value as it's circulating around the globe. Right, so isn't that just awesome, guys? This is why I love Electroneum so much, and this is why I see it as the future, and even more so better than many other cryptocurrencies that exist today. Now again, I'm not exactly sure what the number of Bitcoin is right now. We can, I think, agree that Bitcoin works poorly as a money. We know that for a fact that Bitcoin works poorly as a money. That it works better as a store of value. It works like gold. It works better like that. But you try to move Bitcoin around, you're gonna quickly say, well, hey, it's easier to move Electroneum, you know, than Bitcoin, right? And so that's just, you know, what you have there, and that's the limitations of Bitcoin. And I think Electroneum can be both the store of value and the money and do both uh, uh, you know, at a, at a very— in a very efficient way. And, uh, um, I think that Electroneum— we'll start to see a lot of that with Electroneum as Electroneum reaches more and more and more people and creates more and more ecosystems and economies within Electroneum. Excuse me. So that's why I love Electroneum so much, and I hope guys you're following what I'm saying with that. I know this is a little bit different from just going, I love the community, which I do, and I love Electroneum because it's just electrifying. Yeah, this is a little bit of me ranting on a little bit about some of the technical things I see that can happen with Electroneum and why I think Electroneum is going to be the best cryptocurrency and dethrone many of these other cryptocurrencies. Also, if we look at the alarming growth rate of Electroneum, already at 2 million users maybe, or a little bit over a year, at the rate it's moving, it's moving significantly faster than Bitcoin could ever move. And this is, you know, this— it can catch Bitcoin. And if that happens, what happens when people are going around talking about Electroneum with all these wallets and more wallets, the cryptocurrency with the most wallets there is. People are gonna want to know what's going on, what's going on with this token. And as they look more and more into it, as they investigate it more, they're gonna get hooked on Electroneum. You know, again, our YouTubers, our big YouTubers have failed us. And I'm glad that we still can see the value in Electroneum, and we all have our reasons why we like Electroneum so much. But, you know, it just disturbs me a great deal that the two— that this $2 million milestone— I'm sorry, this 2 million registered user milestone that Electroneum has reached in cryptocurrency isn't reported across, you know, the internet and/or the cryptocurrency world. And just doesn't make any sense at all, guys. But guys, this is why I like Electroneum. You know, join me. Uh, and, uh, you know, again, guys, if I, if I win this thing, I will be— or if I— whatever prizes that possibly I win, uh, these will be distributed back to you all through my bonus token. All of it, every, every dime of it will be distributed back to you all, uh, through my bonus tokens. And, uh, well, because that's really what it's all about. It's about circulating Getting money, getting Electroneum into the hands of more and more people, more— creating more opportunity. That's, that's what I believe this space was all about. You know, we've already come from an existing money system that didn't do that very well. And here we have the opportunity to do that extremely well, have all the tools to do it, and without fear of being disrupted. By central authorities or those that are more powerful than us and have more resources than us. So guys, this is why I love Electroneum so much. It's creating the opportunity to solve many of the issues we've had in our money systems. And guys, if you haven't told your reason why you like Electroneum yet, please do so. Go ahead and join with the community. You never know, you might say something stand out you can win. And, um, again guys, if I win, this will be given back to all of you through my website. So guys, uh, thanks for watching the video. Uh, thanks for being a member of the Electronail community. It's been an honor and a privilege to meet you all. Guys, if you like content like this, don't forget to like and subscribe. And until next time, take care.