Topic: Something isn't right about Electroneum (Read 894 times)

I dont know how you people can tell a project scam, just by looking at their photos and social media profiles.It is rediculous Stop being this kind of stupid.

Lets see what happens on the relaunch in early December

Nov 1 was always about the release of the block chain. There was never a firm date for the release of wallets. In fact, the release of wallets was said in writing to come into play only after electroneum was accepted into multiple exchanges. That hasn’t happened yet. There’s one exchange thus far. The strategy about mining prior to the release of wallets is a wise one, since it markets the currency, gets many people involved who may have not had a chance previously and it allows for a tester to initialize in the marketplace on a single smaller exchange. So far, this strategy has been positive as a result of ETN’s ranking climbing from #96 to #26 in a very short window. As mentioned previously by other contributors, marketing will either help gain momentum by increasing the number of interested parties which will have a direct result in a greater chance of landing large investment-business partners such as larger exchanges, iOS app, gaming corporations, and other companies who focus in on the amount of people in the millions interested in a currency prior to teaming up. ETN has the most wallets created over 300k prior to full launch, that number is more than XRP’s wallets, fyi.  From a strategic point of view, it is a very wise investment and a very smart marketed ICO. Their goal is long term, meaning years not days, weeks or months, because the entire business model depends on if ETN can land a gaming partner & nothing more. That is the only goal with the whole ICO. My guess is that wallets will be released around Nov 15-16, but that is only a guess & just so everyone is aware the admins all knew the release was going to be way after the 1st of Nov and anyone else who read the white paper should have understood that as well. I did and I don’t work for them.

They lost their funds due to the previous hack, there is no way to recover those funds because now they are lost in limbo, not even the hacker has access to those funds, everybody lost their money.
This is why i am always suggesting to everybody to stay away from those kind of faky-icos, they are fake as hell, those were probably not even the real managers, they were fake ones too, and it happened with a lot of icos until today, because they dont even have balls to put their real face.
This is bad, but i read this notice today, and it was very annoying, but i dont know.

I think it's clear now that Electroneum team know nothing about crypto.

One must wonder how Retortal operates and handles its existing projects and clients with the Electroneum project firmly on it's shoulders.

I haven't researched the project, but just from the scuttlebutt on Twitter it comes across as shady and dodgey. I plan to stay away from this one.

its looking increasingly more like a scam with the way that its hold ups and security issues have held back the wallets and coins of the investers, yet a massive amount of seemingly pre mined coins goes onsale on crytopia.... if there are any of you familiar with the blockchain explorer could you check and confirm my findings that 12.6 billion coins were pre mined before the blockchain went live on the 1st november...

i just want to be sure that what i am seeing is correct...

And if you are doing that also could you tell me if there is a may to check my mined transactions from my wallet address without going through each individual block?

The picture of Mr Robinson on a jet is maybe to attire the attention of people dreaming to become rich.
I think, Electroneum were very good in Marketing their projects. We will see what happened after on November and on next years. They succeed to attain the maximum budget in their ICO.
I don't think it is a scam. It is a good way to attract more people into the Crypto market. And that's a good thing for crypto holders.

I remember commenting on a post some time ago about Electroneum's association with Healthy Living Products. If anyone is familiar with MLM companies like Amway, then be aware that there are so many similarities, especially when it comes to referral programs. This does not of course equate with a scam, since Amway and their ilk are legitimate companies with impressive strategies that keep them alive.

But if you need a reminder of what MLM does to crypto, look up OneCoin.

It if looks like a scam, smells like a scam and quacks like a scam...

Me too.

That is so true

I think that, as with many ICOs at the moment, it's a matter of wait and see what happens. I do not think it is a scam personally but I do understand your reasoning entirely. Could it all be a massive marketing ploy by a seasoned digital marketing specialist? Possibly. Could a digital marketing specialist actually pull through and get the right people on board to make the project a success? Possibly.

It seems that, at the moment, a lot of fear has been struck into the community due to the 'wild west' times we are in. It is starting become a bit like everything is called a scam if the devs aren't updating you with every little facet of their lives from what they ate for breakfast to the regularity of their bowel movements.

That picture of Mark in the jet bugged me from the start for some reason. Be nice if someone from Electroneum comes come here and responds.

Success in business comes down to the product. The marketing are sugar coating a bad product. People are easily convinced in the cryptospace.

I agree with the most that is said , but have invested some in case there is slightest of possibility to go 10X.

Good research. It doesn't necessarily mean it's an outright scam but it definitely should be looked into.

They know that and are clear about that. They said they will hire the best programmer in crypto world to perfect the coin. They are doing marketing, yes, but they are doing it great. And that is the main factor for success in buisness

I don't think it's an outright scam, but they have no technology or anything interesting apart from a guy that tweeted them on Twitter.

They clearly said that they need to employ more competent people regarding coding and engineering, and they will use the 40 millipn€ raised to hire new software engineers and blockchain experts. They clearly stated they are going to hire the best minds with those money. The original team is the marketing team they were always clear about that. .