Topic: Is Electroneum a SCAM??? - page 12. (Read 104935 times)

Definitely not a scam, Electroneum is one of the popular coins nowadays. Altcoins are now promising but we should also check the coins or search for it before investing into it. Why don't you try. I think Electroneum also has mining software that the price can increase just like Bitcoin.

Electroneum is a kind of mobile application for accessing crypto currencies. This application permits the users to send and receive payouts and also to manage and monitor their online funds. It is easily understandable for all types of users. It can be accessed even by an ordinary user.

Bitconnect and Tezos were pretty hyped up too, you know!


Except it's not done properly, it's fully centralised, controlled by the dev team who can't barely pull a functional app out their backsides. And then to add insult to injury, they've allowed ASICs back on the network which shuts out GPU miners and is another step away from decentralisation.

It's too early to judge them, although they are not living up to our expectation this is the most hype coin last year and one of the most successful ICO too, but no Ico investors have lost here yet because at the current price it's the Ico price, and remember you have a bonus plus a referral earnings as well, let's wait a few more months.

Looks like a bunch of professional scammers to me to be honest.  I wouldnt trust it even by touching it with a stick.  But look at this money they are raising, its hard to tell how much of it is actually real.  Electroneum doesnt make much sense to me, and past projects that use flashy words and catch phrases that didnt make sense didnt turn out so well.

It's not a scam, the use of mobile phones for mining could be absolutely revolutionary for crypto if it is done properly, it would bring so many people in to the market who are interested in gaining some passive income.

I heard a lot about this project, but I did not invest anything in it, neither money nor time, so I can only listen about what others say about this project, but many people spoke very well about this project.

Firstly I doubted if it was a real scam there
But as the team with the project gathered more than 3 mil I was sure it turned out to be a perspective project

I'm entirely persuaded it's anything but a trick. It has some committed individuals behind it, they generally reply here on the gathering. I even chose to put a smidgen in it to check whether things work out. For individuals thhat believe it's a trick, I recommend doing your own exploration. Also, in case you're similar to me and choose to contribute, take after the brilliant administer and contribute what you can bear to lose.

I dont know but i don't think they are scam. Electroneum team looks rather professional. You always need to do some accurate research, before investing in ICO.

Read this:
https://electroneum.com/overview-white-paper.pdf

Page 10 specifically, top-right paragraph.

Then read this:
https://electroneum.com/technical-white-paper.pdf

Page 2 about Ring Signatures.

I am sick and tired of the 'mass adoption' argument fanboys put forward, it does not matter if it's widely used and it's a pile of crap. The only reason people are signing up is because of the promise of getting something for free, in this case airdropped ETN that's part of the farce that is 'mobile mining', which is also highly centralised, because you rely on that useless dev team to not screw up, again.

What about this:
https://electroneum.com/2017/10/24/how-much-can-i-earn-as-a-mobile-miner/

Ells claiming people could earn $30 per month - well who wouldn't want that for free? The reality? Maybe $2 per month if you're lucky.

If they had done this properly it would not have started out copying Monero which is incredibly complicated due to ring signatures, especially if their dev team are as inept as they are (that's why the hard fork took them 2 months to sort out and destroy the network while ASICs ran rife, despite others offering their expertise and help, see GitHub). Mass adoption is not a bad target, but you also need technical competence, understanding and preferably users who under why real mining (not the pointless shit you do on your phone in an app) is important to network security. Also if everyone has something, that devalues it, it's just how it works - do you think a Ferrari would be desirable if everyone had one? Well, that's what happens when you just give/airdrop tokens like that, it has no real value.

The coin only just got above top 100 again, it would never have got that low if people actually believed in it. I've given you the links, read them at your convenience. FYI, I hold Electroneum and followed it from day one but having been on that journey, it's just crazy just quite how much they have squandered this opportunity.

I bought some Electroneum (ETN) during the ICO and I'm yet to make use of it, since that wallet is yet to go live and Electroneum team keep talking about security and hacker one and other stuffs. They do try to keep in touch once in a while, so the answer to your question if it's a scam? Well, I can't say yes or no since there's still some slight chance of investors having their coins but what I would say is they have lost the momentum they gathered during the ICO and would need to do more, if ever they do not runaway with people's money, to bring back that momentum.

Never a "privacy focused" coin

Never touted as an "anti-ASIC" coin either

Mobile Mining is done

Instant Transaction Tech with patent done

New API tech for vendors done

Around 20 partnerships done already with many more coming

1.6 Million registered users. This is around half the number of BTC users, which has ETN on pace to be the coin with the most users soon

200,000+ Mobile Miners

Plus much much more


Tell me? Is it not likly that ETN will be in at least the Top Ten coins by MC when they have the most users of any coin??

Do the math on what that will do for the price

Lol what a joke! They haven't kept to anything in their white paper. This is the shittest of all the shitcoins - alleged privacy-focussed, anti-ASIC, decentralised coin that has had it's privacy features removed, now welcomes ASICs again (after forking away from them) because no-one wanted to mine with GPUs because it was so unprofitable (I mean, there's supporting a coin you believe in short-term and then there's just plain stupidity, e.g. when the airdrop earns more ETN than you mine) and forced centralisation where you rely on their crappy infrastructure for the app that has daily issues and backlogs. Nothing in their roadmap has gone to plan. They are just holding out so they can cash out their ICO funds in November, when they are unfrozen.

Stop patting them on the back, they don't care about you or the rest of the crypto-community. If you don't believe me, do your own research - don't just read their propaganda and blog posts. When it all goes bang, they deserve to be investigated for fraud and mismanagement, watching them squander your 'investment' is crazy. It's embarrassing to be British and for this utter crapfest to be the first and only 'British cryptocurrency', I am so ashamed.

Electroneum has been able to run a very successful ICO! The unique proposition of it's ICO was very different and refreshing. I believe if electroneum keep to it's objectives and deliver on it's roadmap, it will be one of the critically important coin in the future of cryptocurrency!

Electroneum is a cryptocurrency designed for adoption in the mobile currency market globally, with very fast micro-transactions between apps, games and users. In my opinion it will have a great future

No, you're right, probably 'not a scam' in the traditional sense, just total shit as shown by the developers utter incompetence, backtracking, never responding to support requests and managing to knock the value into the ground - some people say it's not all about the money, maybe they're right, but what point is something with no value tied to it? Boasting that you have a massive user base is pointless if there is no value associated with it.

It doesn't seem like a scam at all. The project itself has no scam-like features.

So yesterday they announced that they’re going to hard fork back to Cryptonight to allow ASICs back on the network in order to improve network security. Richard made it sound like it was a positive thing but actually, from people who know, it’s incredibly dumb and short-sighted - the only people who are excited are the ones who aren’t involved in mining (running some BS mobile mining app doesn’t count). So just wondering where the apologists and fanboys are now? This will just be further proof that you need more than viral marketing and dreams to develop a functional coin. Maybe now when the ICO investors lose more money it will be clearer.

I think so, after collecting the cash from ICO , their mobile app is not even working after download.