Topic: Is Electroneum a SCAM??? - page 43. (Read 104927 times)

I hope not. I Invested what I can afford to lose, but some invested a lot.

 some people invested a very very big amount of btc into it.

Time will tell if they want to run our investment.For now i can just say that they keep updating there user through there social media accounts regarding the development of this project. Im pretty confident that this will be huge in next year.So dont worry folks just trust them they know what they doing. Only weak hands will be losers here.

social media office guys try to enter the cryptoworld -thats the result.

yes u right

Latest update on FB is they are working hard on choosing a date.  They need to choose soon.  Hiring hackerone bought them only 4-5 weeks.  If there are more delays many people will start to doubt.

if you study the detailed information on the bitcointalk form, then you can very much find projects that are not very promising and fraudulent. The fact is that even the managers performed their duties very carefully, but as a result no one received their reward. And there was also a different situation when companies paid coins, but the entire price and time stated and to the company turned out to be wrong and coins were worthless. One example is the Monkey project.

I don’t mind you being very pro-Electroneum, but your comment suggests you don’t understand proof-of-work consensus.

If you hand out coins, premined or otherwise, the mobile miners are not doing anything. It will be the actual miners (like me) who secure your network with high performance GPUs and CPUs. What incentive do we have for continuing to do this over real and established coins?

ETN is 3 times more profitable to mine because the difficulty is low and the supply is low. When the ICOs wallets open up, all the disillusioned people who were messed around will dump those coins. Simple economics shows that high supply and low-mid demand will lead to a low price.

i am not sure, still not see any windows wallet or mobile wallet

You can always look at the platform of every campaign you are joining before you participate or you can observe how the manager interact on their participants then you can determine whether it is a scam or not.

They have around 70 million now.

They will spend it.

Already have 15% of the users as BTC.

Most number of investors in an ICO ever!!

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.

I'm predicting a huge hype these last days before they finally release something and a massive dump at launch, since they got their pockets full of money they will just kill the project slowly and pretend nothing ever happened.

There is a premined pool that coinmarketcap monitors and doesnt count as mined until it comes out of that address.

So the mobile mining experience is does not "mug off" the actual miners

The rest of your points could go for any crypto, and the fact that ETN is 3 times more profitable to mine than the coin it forked from (Monero) the last time I checked, so your concerns dont seem to be an issue with Electroneum

Electroneum make really huge marketing campaign but  it indicators aren’t very impressive telling the truth. Maybe it is really difficult to make a high growth with all attention directed to BTC now. I advice to abstain of big investment s in this currency in the near future.

I don’t understand why no-one is addressing the key points of this project. Namely what is the point in having millions of ‘mobile miners’ (worthless) if you mug off the real miners with their GPUs and powerful CPUs who are the ones actually doing PoW consensus and securing the network? If miners lose interest, and trust me, they will when the price plummets, then the network is meaningless if there is no-one left to process and validate transactions. It doesn’t matter if there are millions or billions of mobile phones connected as they aren’t doing anything other than inflating the dev teams oversized egos.

Even if there was another consensus mechanism in place I think it’s pretty obvious that the team being Electroneum aren’t smart enough to implement it given Bitcoin and Ethereum are still using PoW and haven’t switched to PoS or anything else yet.

Some people need to wake up and take the rose-tinted glasses off. Start really thinking about the technical hurdles this project faces. Fortunately I haven’t put a lot of my resources into this. I am yet to see a valid argument from a single Electroneum evangelist other than the dev team have done a real number on them and this thing is gaining cult-like status where they’ll defend it against anything. This project highlights a number of issues with current ICOs and undermines a lot of the ethics - even if this wasn’t deliberate/scammy from day one.

The amount, in the ICO trading rules, there is no strict liar definition.
Because before participating in the ICO, you must read the rules of the sponsor of the ICO project.
So, this is not necessarily a fraud. However, the ICO project may slack off or even freeze the project!

It would be a miracle if it didn't dump.

My only concern is once the wallet is released the miners and others will want to profit and sell and it could bring the price down to 1cent i am scared and dont want to lose everything what are your thoughts on this should I beat them to it and sell all of my coins?

Yet there are around enough wallets that put them at 10% of Bicoins total users, and they havent even released the ICO coins yet.

This will be massive, already the coin with the most investors in an ICO. 7 million in volume in the last 24 hrs and they are only on Cryptopia

They have over 60 million in their war chest.

They will easily have more users than Bitcoin in 2018. I dont think it will pass BTCs MC, and Bitcoin will stay #1. ETH #2.
Dash, XRP, BTC, and LTC. It will blow right past those.

Understand when they have millions of users, the mass media will talk about it, and the price of the coin will make it possible to mine $2-$5 a month on a phone, which will make millions more download the app. And understand its a "mining experience" and will use about as much of your phones power as loading a wiki page.

When its already over 10% of BTCs total users now, BEFORE the relaunch, kinda hard not to see the size of their network pass Bitcoin in total users. But like I said, BTC will stay far ahead at #1 ,ETH #2 and ETN #3