For people not knowing what electroneum is:
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. It is being designed on a custom blockchain with a variety of special features.
Topic: Is Electroneum a SCAM??? - page 51. (Read 104927 times)
Ethereum is not a scam because as you can see that a lot of people are in ethereum and they are all holding and buying ethereum because they believed that ethereum is a something that can follow the foot steps of bitcoin and be one of the most popular coin in the market and to the whole world.
most of times it's too late when people discovers that is a scam!
my concern about electroneum is how a smartphone can mining without consuming a lot of power!
my concern about electroneum is how a smartphone can mining without consuming a lot of power!
If you think that this project is a scam, then do not participate on it. Lazy managers, unseen spreadsheets, concerns that are not answered. Those are only some reasons that can be consider for a scam ico.
I always thought 'scam' was a strong word, it probably started out fine but they're been so hazy over what has happened and no-one really knows but the people who are defending it so vehemently are the ones who did invest in the ICO - fortunately I was not one of them, but I am watching just in case it does take off.
If you think that this project is a scam, then do not participate on it. Lazy managers, unseen spreadsheets, concerns that are not answered. Those are only some reasons that can be consider for a scam ico.
If you think that there's something fishy with this project like managers are in idle to do there work, not updated spreadsheets for a long time or not giving the right amount of rewards for the bounties, then it might be a scam hehehe
ETN is a great project.
if you want to spread fud or to discuss scam, go to Tether thread.
if you want to spread fud or to discuss scam, go to Tether thread.
Any evidence? Or is that just what you want to believe?
ETN is a great project.
if you want to spread fud or to discuss scam, go to Tether thread.
if you want to spread fud or to discuss scam, go to Tether thread.
Not scam
But the suppy amount is huge, and too many users registered in the ico. I bealive there will be a huge dump as it reaches the exchanges.
But the suppy amount is huge, and too many users registered in the ico. I bealive there will be a huge dump as it reaches the exchanges.
I think Electroneum is a good project. I learned about Electroneum for some time and invested in it part of my capital. Keep track of and analyze your investment projects to make the most informed decision.
I think The project looks promising
yeah i have heard and read from some threads if electroneum scam, but i do not know if the news is true or hoax.
Its NOT a scam.
All you have to do is the slightest bit of research to see this
Contraband
ETN Community Manager
All you have to do is the slightest bit of research to see this
Contraband
ETN Community Manager
Why are ye moaning??? They've had problems and they are making them right. They have kept us updated on this the whole way. Stop your whining and negativity.
^^ Comes to a thread called 'is Electroneum a SCAM', complains that people are calling it a scam. Just, wow.
Is ETN a scam?
Answer: NO, I don't think it's a scam.
Why: It's a UK based company, they welcome everyone to their headquarters to see how they're working their butts off to get the failed launch going asap. You can find youtube videos of several people who actually went there. They've hired one of the best internet security companies in the world to do a full scan and if necessary fixes. They're actively updating on social media, they're not trying to hide from us. These are all very positive signs!
So YES, under-prepared 1st launch.
But NO, not a scam.
Like all ICO's, you can win or lose money if you've invested here.
To me it feels like there are loads of people for whom this was their first ICO, and they thought this would go 10x - 50x within days and now feel angry or disappointed that they're not rich yet. But that doesn't mean that they won't get their ETN's within a few weeks.. and from there it's game on, good luck everyone..
You do not have to do much research on google to know that the united kingdom has become the home of HYIP's and scam sites.
But this is not the point, the point is that the project has a good idea? No doubt! However, no one sees anything beyond the idea plan and mining simulations completely challenging the blockchain network.
I do not think 100% is a premeditated SCAM. I think it was thought idealistically and very poorly executed. The guys were not able to keep their account safe on the first day! This is very bizarre for anyone who wants to revolutionize the art of mining! Everyone today has doubts if they have the least capacity to execute a minimum percentage of the original idea.... let's be realistic!
I think they are not sure what to do ... they are lost and when this happens with 55 million dollars (current btc), I think that already must be rethought the plan, at least in the minds of some. I've seen this happen in some ICOs ...
I perfectly understand the affliction who invested their savings in this section many of them driven by the great pressure of digital media via youtubers ... I am sorry but I see no future in the execution although the idea is interesting and challenging... not for those rich jumbled guys!
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.
Why are ye moaning??? They've had problems and they are making them right. They have kept us updated on this the whole way. Stop your whining and negativity.
^^ Comes to a thread called 'is Electroneum a SCAM', complains that people are calling it a scam. Just, wow.
Is ETN a scam?
Answer: NO, I don't think it's a scam.
Why: It's a UK based company, they welcome everyone to their headquarters to see how they're working their butts off to get the failed launch going asap. You can find youtube videos of several people who actually went there. They've hired one of the best internet security companies in the world to do a full scan and if necessary fixes. They're actively updating on social media, they're not trying to hide from us. These are all very positive signs!
So YES, under-prepared 1st launch.
But NO, not a scam.
Like all ICO's, you can win or lose money if you've invested here.
To me it feels like there are loads of people for whom this was their first ICO, and they thought this would go 10x - 50x within days and now feel angry or disappointed that they're not rich yet. But that doesn't mean that they won't get their ETN's within a few weeks.. and from there it's game on, good luck everyone..
They started a good enrty to the investors and traders but the performance they are showing us isnt what we expected.I dump already to prevent further losses.
Why are ye moaning??? They've had problems and they are making them right. They have kept us updated on this the whole way. Stop your whining and negativity.
^^ Comes to a thread called 'is Electroneum a SCAM', complains that people are calling it a scam. Just, wow.
FWIW, they're had a very unlucky streak (allegedly), haven't been that transparent, the dev team doesn't seem to have that much technical expertise at all and everyone who defends it hasn't done anything other than quote the white paper or tell everyone to be patient. Maybe you can bring some proper evidence, or we shall just have to wait and see.
Why are ye moaning??? They've had problems and they are making them right. They have kept us updated on this the whole way. Stop your whining and negativity.
I want to leave on the side the following red flags:
1. simulated mining that does not secure the network
2. trenched ico with unchecked self-referrals.
3. promising specific monthly return for your simulated mining
4. massive marketing campaign catering to the clueless.
5. bragging about the success and the hard work when ico funds are not accessible
6. that no fees statement pre-ico and then the change of plans and the decision to clone monero!
the list goes on, whoever has followed this "project" knows.....
I want to focus on that hack, i have understood the following:
-The site was ddos'ed and briefly went offline but there was no hack that jeopardized the coins held in the ICO wallets. The electroneum team claims that they locked the ICO wallets as a precaution; they said that a lot of people registered and participated in their ICO with email accounts which were already compromised by previous hacks on other platforms during past years.
So they locked the wallets to protect those who have not changed their passwords since their sensitive info was leaked. In a way, the electroneum team expect us to "be thankful for protecting us"
But it makes absolutely no sense... they locked our money because some are using compromised accounts? why should we care about those people? Why doesnt all other respected-multimillion online services/platforms dont follow a similar policy?
How is hackerone going to help those retarded people that can't follow the most basic privacy rules? why is even hackerone presented as a solution to this problem.
I am also getting attacked everytime i bring those issues to the table; as being clueless, not knowing what i am talking about, not knowing how mining secures the network, missing the ico or other classic bagholding excuses. I can only attribute it to somekind of "Ostrich Syndrome".
Please help me understand this hackerone thing that will keep the wallets closed indefinitely or until the ico participants learn how to handle their sensitive info.
Really help me understand, there must be something i am missing, they cannot be THAT dumb ...
1. simulated mining that does not secure the network
2. trenched ico with unchecked self-referrals.
3. promising specific monthly return for your simulated mining
4. massive marketing campaign catering to the clueless.
5. bragging about the success and the hard work when ico funds are not accessible
6. that no fees statement pre-ico and then the change of plans and the decision to clone monero!
the list goes on, whoever has followed this "project" knows.....
I want to focus on that hack, i have understood the following:
-The site was ddos'ed and briefly went offline but there was no hack that jeopardized the coins held in the ICO wallets. The electroneum team claims that they locked the ICO wallets as a precaution; they said that a lot of people registered and participated in their ICO with email accounts which were already compromised by previous hacks on other platforms during past years.
So they locked the wallets to protect those who have not changed their passwords since their sensitive info was leaked. In a way, the electroneum team expect us to "be thankful for protecting us"
But it makes absolutely no sense... they locked our money because some are using compromised accounts? why should we care about those people? Why doesnt all other respected-multimillion online services/platforms dont follow a similar policy?
How is hackerone going to help those retarded people that can't follow the most basic privacy rules? why is even hackerone presented as a solution to this problem.
I am also getting attacked everytime i bring those issues to the table; as being clueless, not knowing what i am talking about, not knowing how mining secures the network, missing the ico or other classic bagholding excuses. I can only attribute it to somekind of "Ostrich Syndrome".
Please help me understand this hackerone thing that will keep the wallets closed indefinitely or until the ico participants learn how to handle their sensitive info.
Really help me understand, there must be something i am missing, they cannot be THAT dumb ...
I wholly and fully agree with what you've said here. But there are too many people defending Electroneum by copy-pasting their own (god awful) white paper and because in their own heads if they defend it, 'it must be legitimate' or 'if we believe it hard enough, it must be true'. That and if you don't believe it, then by direct inference, you are the one who has made a bad choice and no-one likes admitting that.
No-one has challenged me when I asked how 'simulated mobile mining' is supposed to work and 'teach people about crypto' when it doesn't follow the basic fundamentals of it.
Whole thing smells bad, and whatever happens and if it all implodes, the 'developers' have still made millions due to peoples' naivety and greed.
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