Is Electroneum a SCAM??? - page 3. | Bitcointalksearch.org

contraband

hero member

Activity: 1232

Merit: 528

Community Manager: ETN

Quote from: invicta on September 23, 2018, 09:02:26 PM

Quote from: contraband on September 23, 2018, 08:36:39 PM

Quote from: invicta on September 23, 2018, 08:07:23 AM

Quote from: bonji77 on September 23, 2018, 08:03:21 AM

maybe people who say fraud is the one who feels the loss in this project, but some people say this is a very good project, so in my opinion this is a form of disappointment for the person who is disadvantaged from this project ... sorry if I'm wrong ...

It would be a decent project but it's spearheaded by an inexperienced yet egocentric team. Richard Ells has little credibility even outside of blockchain, and none within. It's probably not an intentional scam, but the way it's being pumped today, it has real Ponzi-like qualities.

Ponzi?

LOL

Anyway, looks like you did well, even tho this is only a tiny fraction of where ETN is going

You said you were only going in for short term. Sell already or do you expect to see more before you sell? I would go for long term, but you know what I think lol

Must be happy you invested

Yes, Ponzi. Someone has taken responsibility for pumping it, FOMO driving the price up further and then bringing it back down again - that is, the last investors will get burned and the early ones make the money.

I’m going to milk it for all it’s worth then get out before it goes pear-shaped, as in beyond the point of no return.

I’m happy I made money, I’m not happy it was at the expense of my integrity doing it off the back of something I don’t believe in.

It is not a tiny fraction of anything, if you think 800 BTC worth of trade will flow through ETN each day then you are gravely mistaken. Also, what is this about locked wallets, not the first time it’s happened either is it?

Responsible citation?

800 will be well surpassed

They upgraded and once finished, most found that when they logged out and back in they were fine

The couple people reporting they are still receiving the message, have/should create ticket, as this is not common

Enivitable with a project which has a level of centralization to it. Sometimes being a decentralized-centralized hybrid is a double edge sword.

You really shouldnt feel bad because ETN is a crypto, and like any legit crypto, it has dynamics that a ponzi doesnt have, as they are not alike in definition.

trilade

newbie

Activity: 25

Merit: 0

Quote from: invicta on September 24, 2018, 08:46:47 AM

Because the price was manipulated by people/entities pumping and dumping it, go look at the charts and make your own mind up... of course, any fanboy will tell you it's not that but please explain why a coin would go from 30 BTC trade per day up to 800 BTC and don't say it's Instant Payments...

These guys are just here to bury real user comments

I have already complained about the way these guys fishing for personal information in order to re-instate your access to the token they have created.

UK Information Commissioner’s Office
https://www.gov.uk/data-protection/make-a-complaint

I find it unrealistic asking for my personal data so I maybe one day I will spend my coins with their instant payment system.
Also find it unrealistic to limit my access to funds so they get a better deal with their partners.

This is a serious problem, we're talking about 2 million people personal data

BitcoinTurk

hero member

Activity: 1694

Merit: 629

Although I did not like it very much since the first day I learned this proyeji, I have done little research about it. Contrary to the projects in the market, it seems to be a better project, but it is possible to say that there is not a very high quality project compared to some projects. Therefore, I think it would be more appropriate to make a general evaluation rather than evaluating the project. Just like every ICO project, this project contains some risks and does not offer a guarantee of income. Of course, it would not be appropriate to make an evaluation of the project technology, project objectives and project team in detail, but I think it is at the same risk level as a standard ICO project.

invicta

member

Activity: 194

Merit: 10

Quote from: jon0008 on September 24, 2018, 08:23:39 AM

its not scam, i think it 1 of the source of mining. you can use your rig and phone to mine in Electronium. Electronium also have a lot of project coming. so i think it is now the time to buy more electronium for the future

Please go and educate yourself. You can't mine with a rig unless 'rig' means ASIC because they made sure of that, so much for decentralised and for the people. All this weekend showed is that the daily trade volume is so bad anyone with a reasonable amount of money can manipulate the price, that's why it rocketed before the weekend and then dropped back as those people dumped leaving idiots with bags of overpriced coins.

Quote from: makerst on September 24, 2018, 08:27:39 AM

If you paid attention, then when the BTC started to rise in price, then on the coinmarketcap the first positions were occupied by Electroneum. I think it's hard to call a scam project if it is so badly needed by someone.

Because the price was manipulated by people/entities pumping and dumping it, go look at the charts and make your own mind up... of course, any fanboy will tell you it's not that but please explain why a coin would go from 30 BTC trade per day up to 800 BTC and don't say it's Instant Payments...

makerst

sr. member

Activity: 728

Merit: 252

If you paid attention, then when the BTC started to rise in price, then on the coinmarketcap the first positions were occupied by Electroneum. I think it's hard to call a scam project if it is so badly needed by someone.

silverston

hero member

Activity: 952

Merit: 502

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why electroneum scam? they even have their own working block, there is no such thing for scam, but it’s just my opinion

jon0008

jr. member

Activity: 98

Merit: 1

its not scam, i think it 1 of the source of mining. you can use your rig and phone to mine in Electronium. Electronium also have a lot of project coming. so i think it is now the time to buy more electronium for the future

trilade

newbie

Activity: 25

Merit: 0

If you don't have an ID or you are not happy to provide your personal details for KYC (according to their privacy policy they will give your data out to 3rd parties) then you can complain about the service on the following link:

UK Information Commissioner’s Office
https://www.gov.uk/data-protection/make-a-complaint

According to EU data protection laws, they can't force you to provide personal details in order to send away your coins (they are not a bank)

It would be also good to ask officials to investigate how exactly these guys storing all the 2 million user's data, as their privacy policy doesn't explain this.

invicta

member

Activity: 194

Merit: 10

Quote from: ruthbabe on September 24, 2018, 12:07:47 AM

Quote from: alexsandria on September 23, 2018, 08:55:50 AM

Quote from: silverston on September 01, 2018, 07:07:28 AM

When the Electroneum was conducting a bounty campaign, many at some point thought they were scammers and left the campaign - lucky ones who stayed in it and got a good payment!

When i was starting here in cryptocurrency a lot of people in my country is promoting electroneum and i am confident that it is not a scam, electroneum have raised a lot of money on there ico and even i dont invent on it, i know it is not a scam.

Definitely, Electroneum is not a scam. ETN is a privacy coin, a mobile-based platform and it is designed for smartphone users, more than 2 billion I guess. It can also be mined via smartphones, however, I don't know if it's productive.

The one thing it’s not is a ‘privacy coin’...

Salesman4coinZ

full member

Activity: 336

Merit: 102

So since the first announcement of the electroneum project, people are screaming that the whole project its a scam. Maybe they have high goals, but i wouldn say that the project is a scam. When you look back, the initial coin offering of electroneum was very successfull. And since then they are always working on their projects and update them immidiately. So electroneum its for sure no scam. So you dont have to worry that you money is gone when you invest in etn.

ruthbabe

sr. member

Activity: 966

Merit: 275

Quote from: alexsandria on September 23, 2018, 08:55:50 AM

Quote from: silverston on September 01, 2018, 07:07:28 AM

When the Electroneum was conducting a bounty campaign, many at some point thought they were scammers and left the campaign - lucky ones who stayed in it and got a good payment!

When i was starting here in cryptocurrency a lot of people in my country is promoting electroneum and i am confident that it is not a scam, electroneum have raised a lot of money on there ico and even i dont invent on it, i know it is not a scam.

Definitely, Electroneum is not a scam. ETN is a privacy coin, a mobile-based platform and it is designed for smartphone users, more than 2 billion I guess. It can also be mined via smartphones, however, I don't know if it's productive.

EventChain

jr. member

Activity: 70

Merit: 3

Nope, I don't think that cause Electroneum is a brand new British cryptocurrency launching via an Initial Coin Offering (ICO).

invicta

member

Activity: 194

Merit: 10

Quote from: contraband on September 23, 2018, 08:36:39 PM

Quote from: invicta on September 23, 2018, 08:07:23 AM

Quote from: bonji77 on September 23, 2018, 08:03:21 AM

maybe people who say fraud is the one who feels the loss in this project, but some people say this is a very good project, so in my opinion this is a form of disappointment for the person who is disadvantaged from this project ... sorry if I'm wrong ...

It would be a decent project but it's spearheaded by an inexperienced yet egocentric team. Richard Ells has little credibility even outside of blockchain, and none within. It's probably not an intentional scam, but the way it's being pumped today, it has real Ponzi-like qualities.

Ponzi?

LOL

Anyway, looks like you did well, even tho this is only a tiny fraction of where ETN is going

You said you were only going in for short term. Sell already or do you expect to see more before you sell? I would go for long term, but you know what I think lol

Must be happy you invested

Yes, Ponzi. Someone has taken responsibility for pumping it, FOMO driving the price up further and then bringing it back down again - that is, the last investors will get burned and the early ones make the money.

I’m going to milk it for all it’s worth then get out before it goes pear-shaped, as in beyond the point of no return.

I’m happy I made money, I’m not happy it was at the expense of my integrity doing it off the back of something I don’t believe in.

It is not a tiny fraction of anything, if you think 800 BTC worth of trade will flow through ETN each day then you are gravely mistaken. Also, what is this about locked wallets, not the first time it’s happened either is it?

biskitop

full member

Activity: 686

Merit: 104

Quote from: bitcoinmaniac52 on September 10, 2017, 11:32:08 PM

I can tell you just by reading the name that it probably is a scam. Of course it is impossible to know for sure, but 99% of altcoins are pump and dumps. Tongue

that sounds better. if ico is successful, it means that altcoin is pumped, if it fails then it is a dump or even a scam. that's what really exists in the altcoin.

contraband

hero member

Activity: 1232

Merit: 528

Community Manager: ETN

Quote from: invicta on September 23, 2018, 08:07:23 AM

Quote from: bonji77 on September 23, 2018, 08:03:21 AM

maybe people who say fraud is the one who feels the loss in this project, but some people say this is a very good project, so in my opinion this is a form of disappointment for the person who is disadvantaged from this project ... sorry if I'm wrong ...

It would be a decent project but it's spearheaded by an inexperienced yet egocentric team. Richard Ells has little credibility even outside of blockchain, and none within. It's probably not an intentional scam, but the way it's being pumped today, it has real Ponzi-like qualities.

Ponzi?

LOL

Anyway, looks like you did well, even tho this is only a tiny fraction of where ETN is going

You said you were only going in for short term. Sell already or do you expect to see more before you sell? I would go for long term, but you know what I think lol

Must be happy you invested

Adecrypt83

copper member

Activity: 154

Merit: 6

Electroneum is not in a anyway a scam. It is one of the few good projects that I invested in, in 2017 and am still holding some the coin. The project is very committed in bringing the ideas of the platform to life

invicta

member

Activity: 194

Merit: 10

Quote from: seyola89 on September 23, 2018, 05:49:15 PM

I think electroneum is a legit project. It was very popular during the ICO and it raises enough money for development. The bear season has affected it too like every other coin but it seems to be recovering now

It doesn't matter if it was popular during the ICO, that just shows it duped a lot of people - Bitconnect did exactly the same. It's recovering now because people are manipulating the price, if you spent time on Discord or Telegram people are actively bragged or taking responsibility for the trade volume surging from 30 BTC per day to 800 BTC. Make your own minds up on this one.

seyola89

full member

Activity: 518

Merit: 102

I think electroneum is a legit project. It was very popular during the ICO and it raises enough money for development. The bear season has affected it too like every other coin but it seems to be recovering now

trilade

newbie

Activity: 25

Merit: 0

Quote from: invicta on September 23, 2018, 08:07:23 AM

Quote from: bonji77 on September 23, 2018, 08:03:21 AM

maybe people who say fraud is the one who feels the loss in this project, but some people say this is a very good project, so in my opinion this is a form of disappointment for the person who is disadvantaged from this project ... sorry if I'm wrong ...

It would be a decent project but it's spearheaded by an inexperienced yet egocentric team. Richard Ells has little credibility even outside of blockchain, and none within. It's probably not an intentional scam, but the way it's being pumped today, it has real Ponzi-like qualities.

Their wallet service - users doesn't have access to their private keys.
This gives them absolute freedom over user funds.
When their total holdings fall short of total user balances - they just start blocking accounts.
Or just block the unbanked with no IDs sending their coins from the wallet service.

And this is just the surface. Imagine what they can be doing in the background.
If you follow John McAfee, he will explain you how global cartel powers taking over coins, exchanges, etc..

Probably this coin is part of the game too at the cost of ordinary people.

alexsandria

sr. member

Activity: 896

Merit: 268

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Quote from: silverston on September 01, 2018, 07:07:28 AM

When the Electroneum was conducting a bounty campaign, many at some point thought they were scammers and left the campaign - lucky ones who stayed in it and got a good payment!

When i was starting here in cryptocurrency a lot of people in my country is promoting electroneum and i am confident that it is not a scam, electroneum have raised a lot of money on there ico and even i dont invent on it, i know it is not a scam.

Topic: Is Electroneum a SCAM??? - page 3. (Read 104935 times)