Topic: Is Electroneum a SCAM??? - page 69. (Read 104927 times)

Scam?? No. Great leading project! I've invested in it.

I think it's not a good sign  looks like a scam..

Electroneum is one of the few ICOs that ends before the actual date. To me, it's a really good sign, as the early adopter are really hyped by the project.
Why would your create FUD around a genuine project like this ? There's no point in doing that, it does look like a really serious cryptocurrency to me. You know, Bitcoin can't be the only one... There's a real need of diversity in blockchain market, so that it can be a healthy market, without a risk of price manipulation by BTC whales...
We already suffered from China's dick moves, we have seen how much damage a handful of people can ruin something.

I prefer Electroneum over any BTC hardfork, by far ^^

I think the message of this cryptocurrency is misleading.
They sell it as the "mobile cryptocurrency", as if you could use your phone to mine it, make transactions, etc. But this is untrue.
As long as I have understood from the technical whitepaper (it is not technical at all), the mobile app does not mine nor even interact with the blockchain.
It rather seems to be a kind of faucet that gives you some coins for free (insignificant amounts I guess).
The real mining tool is the desktop app, which downloads the blockchain and performs real mining.
Either way, a great marketing strategy...

Seems that electroneum is pulling quite some topic in the discussion thread

IMO, noone can declare it as legit/scam until time proves it.

So, stay clear and check on the announcement

No scam, we just hit the 40 million hard cap 11 days early with a record 310,000 registered users, now you can get in when we hit exchanges on Nov 1st

As far as I know there will be no Coin kept for the team.

Gany

Just a few observations here.

- Many of the posts on this thread are a little suspicious.

- Its interesting that none of the major exchanges, i.e the ones who scruitinise ICOs closely are not happy to list Electroneum.

- First British cryptocurrency?  Its not even the fiftieth British cryptocurrency.

- Mobile mining?  Done before, fell flat.  Kills battery life.

- Games console mining?  Done before, inefficient, hardware isn't suitable for crypto mining. Manufacturers previously would not approve mining software on their app stores.

- Dev team is almost 100% marketing focussed.  Obviously this could be a good thing if backed up with plans for a great platform.

- Negative trust points for using a photo of somebody posing on a private jet to demonstrate his success. Cringeworthy.

- Supporting untraceable payments causes enormous legal problems given that Electroneum are UK based and keep mentioning their links to big names in the city. Our project wasn't even allowed through the door of a UK bank until we removed untraceable payments from our code.

- The whitepaper is 95% showing off about features that have been reused from other projects. Very little new stuff in there. All feels very 2015 to me.

I'm genuinely struggling to find what the USP of this platform is, apart from being heavily marketed.

I am watching with genuine interest with how this is going to go.  Marketing will only carry it for so long.  I wish them well, as it clearly isn't a scam.  However, I get the feeling that this project will have to stop being all mouth and no trousers at some point if it is going to succeed long term.  If it does fail, which I think is more likely than not (hardly an unfair comment seeing as 80% of ICOs fail) it will do more damage to crypto than good given the efforts they have made to attract adoption outside of the usual crypto investors.