Topic: Is Electroneum a SCAM??? - page 41. (Read 104927 times)

I cant believe how many people are saying things like "they are doing a good job" or "give them credit for a quality product" when so far all we have is a monero crypto with the name scribbled off with a sharpie and electroneum written underneath
oh wait.. we don't even have that.. all we have is a defunct blockchain gaining height while a few miners and no actual users utilize the chain of this botched crypto turned scam that keeps the coins safe by design. now if they are concerned that their shitty website is compromised, then why not keep everyones coins on the chain instead of whatever "bitcoin account" they are developing and allow users access to keys holding their coin if they by some strange incidence are a subspecies of human that actually prefer to have unfettered access to their currency.. while the people who need an app with a pretty little box saying how many coins they have directly below their username and a quick little bio of themselves that say things like "this coin is a success" can wait for that day to come.

if they are not a scam then why do they insist on acting like one

also, someone please explain where the $40 million went? there wasn't any actual crypto R&D for this coin, and their website could not have been more than $39.5 mil tops

it seems the only investment these people have actually made is in their image.. literally, all they have are pretty graphics and a sweet name


just some advice from someone who has been scammed too many times to count: for every honest person in the crypto world there are 10 dishonest ones looking to make a quick buck

Also, I'm new to crypto so forgive my ignorance. But let's assume for a moment they are scammers that wanted to run off with the money. What exactly are they to gain by dragging this out over several weeks, giving updates (albeit very shallow ones) and giving interviews on camera, let people visit their office exposing more of yourself?

Couldn't they just let the hack happen, say the project was a failure, end it and take the money?

Again, forgive me if I'm thinking to simplistically.

Also Richard Ells is barely believable as a human being, let alone someone who deserves to have raised lots of funds in an ICO; if you believe that bumbling idiot should have a business that raised $40M in an ICO then you have been truly done over by the cult of Electroneum. I guess he is believable as someone with a background in marketing, that's why they got to where they are and sucked all these people in.

And what a scheme it is! Electroneum is a “mobile cryptocurrency” and the brainchild of Richard Ells, whose past experience includes SiteWizard, whose services include web design, and Retortal, which makes a social media management tool and is apparently valued at over $50m. (Who values it at over $50m is unclear. The company has no outside investors and made just £10,000 of profit in the year to May 2016, according to Companies House documents.)

I'd be unfair to call them poor developers.

HOWEVER

If you go through the list of people listed on the Electroneum website, NONE of them have any prior crypto experience at all.  In fact, their entire team seems to be be people who have worked for Ells on various marketing and web site projects for years. There is nothing wrong about that in itself, but I find it incredible that they haven't got a single person who has worked on blockchain before on their team.  

Is that true ? I have not seen anything in the latest offer of electroneum developers. What actually happened to electroneum? I will soon be careful of electroneum.

Is that true ? I have not seen anything in the latest offer of electroneum developers. What actually happened to electroneum? I will soon be careful of electroneum.

Electroneum looks like a scammy shit right now they cant even fix the wallet issues,they intended to be a successful coin but they cant,poor developers and management,a lot of investors losts their money by joining their ICO.

Actually i think that most of the ico's today are scamming their campaign participants, They are not paying the correct amount of coins they should pay and maybe its because of bitcoins value that is increasing massively and they did not want to spend more money for the participants.

Electroneum looks like a scammy shit right now they cant even fix the wallet issues,they intended to be a successful coin but they cant,poor developers and management,a lot of investors losts their money by joining their ICO.