@CryptoMedicated, thank you for providing a quick analysis on $TEL - #telcoin. Much respect sir. The community appreciates it, but I respectfully disagree with your analysis, and let me tell you why. I'll address all 9 of your points with a rebuttal. Check out the thread.
1) Bearish on $TEL prospect: @CryptoMedicated
I disagree, and please check the stats, and even that's too low. The thing is that #telcoin doesn't operate like every crypto, as a matter of fact the manner in which they operate will allow them to thrive.
I disagree, and please check the stats, and even that's too low. The thing is that #telcoin doesn't operate like every crypto, as a matter of fact the manner in which they operate will allow them to thrive.
2a) $TEL locked out of the US: @CryptoMedicated
Permanently?!!! You should note that #telcoin is a GSMA member, which isn't an easy feat. Did you know that Sprint, ATT, Verizon, and TMobile are members as well.
Permanently?!!! You should note that #telcoin is a GSMA member, which isn't an easy feat. Did you know that Sprint, ATT, Verizon, and TMobile are members as well.
2b) @CryptoMedicated
WP p21 $TEL says that they'll only partner with GSMA members. ~$138B in remittance was sent by immigrants from the US in 2016. That's ~25% of the worldwide amount. So there's a need, and the telcos know it. Telcos will get #Telcoin for free (= 100% profit).
WP p21 $TEL says that they'll only partner with GSMA members. ~$138B in remittance was sent by immigrants from the US in 2016. That's ~25% of the worldwide amount. So there's a need, and the telcos know it. Telcos will get #Telcoin for free (= 100% profit).
3) Barriers to entry US: @CryptoMedicated
I've explained why $TEL will be able to penetrate in 2a/b, but you're using tunnel vision. #Telcoin is targeting the unbanked, and the center of mobile money is Africa. The focus is on Europe, Africa, Asia corridors in Q1 19, not the US.
I've explained why $TEL will be able to penetrate in 2a/b, but you're using tunnel vision. #Telcoin is targeting the unbanked, and the center of mobile money is Africa. The focus is on Europe, Africa, Asia corridors in Q1 19, not the US.
4a) Sourcing Liquidity: @CryptoMedicated
You said it right " M-Pesa ... already has numerous booths/service locations..." $TEL isn't trying to compete with M-Pesa, but partner up with them. Btw M-Pesa is Vodafone's mobile money (GSMA member). I just explained this notion.
You said it right " M-Pesa ... already has numerous booths/service locations..." $TEL isn't trying to compete with M-Pesa, but partner up with them. Btw M-Pesa is Vodafone's mobile money (GSMA member). I just explained this notion.
4b) Sourcing Liquidity: @CryptoMedicated
And Claude, the CEO, even addressed it here () Start at 2:25 min. Check out page 13 of the WP as well.
And Claude, the CEO, even addressed it here () Start at 2:25 min. Check out page 13 of the WP as well.
5) $TEL's distinction: @CryptoMedicated
Only common factor between the 2 is conversion to fiat. Can you send $BTC via sms? NO. Does the unbanked understand #crypto? NO. Can I easily cash out $BTC to fiat, EVERYWHERE? NO. #Telcoin will quickly have access to all Telco subscibers.
Only common factor between the 2 is conversion to fiat. Can you send $BTC via sms? NO. Does the unbanked understand #crypto? NO. Can I easily cash out $BTC to fiat, EVERYWHERE? NO. #Telcoin will quickly have access to all Telco subscibers.
6) Regulations: @CryptoMedicated
Regulation COULD be far away. At least $TEL is ready for the bloodbath. You said it yourself, the barriers to entry in the Telco industry are substantial. #Telcoin will be dealing with gov't, money, etc. They better dot their i’s & cross their t’s
Regulation COULD be far away. At least $TEL is ready for the bloodbath. You said it yourself, the barriers to entry in the Telco industry are substantial. #Telcoin will be dealing with gov't, money, etc. They better dot their i’s & cross their t’s
7) (Cricket+MetroPCS) not doing KYC: @CryptoMedicated
Guess what! (Cricket+MetroPCS) aren't GSMA members. Like I said before, #Telcoin will only partner up with GSMA full members, and GSMA has strict rules and application process. $TEL
Guess what! (Cricket+MetroPCS) aren't GSMA members. Like I said before, #Telcoin will only partner up with GSMA full members, and GSMA has strict rules and application process. $TEL
8) Fee: @CryptoMedicated
How is that steep? The Telcos get $TEL for free. #Telcoin takes care of converting coins to local currency, which is why they need licenses. They provide telcos with international interoperability. The telcos are going to make so much money, it's insane!
How is that steep? The Telcos get $TEL for free. #Telcoin takes care of converting coins to local currency, which is why they need licenses. They provide telcos with international interoperability. The telcos are going to make so much money, it's insane!
9) $BTC largest $TEL Competitor: @CryptoMedicated
I disagree, check #5. Can my grandpa buy $BTC on his own? Guess what though, my grandpa will buy #telcoin through his telco, send it to me, and I'll cash out into my local currency through my telco. Easy! That's the advantage.
I disagree, check #5. Can my grandpa buy $BTC on his own? Guess what though, my grandpa will buy #telcoin through his telco, send it to me, and I'll cash out into my local currency through my telco. Easy! That's the advantage.
10) Let me remind everyone, $TEL's true advantage is through its licenses. To compete with #telcoin other #cryptos will have to get licenses, at which point $TEL would already have a large market share.
@CryptoMedicated much respect, but I urge you to dive deeper into $TEL!
@CryptoMedicated much respect, but I urge you to dive deeper into $TEL!
