Is Electroneum a SCAM???

[otunayode]

Electroneum has been able to run a very successful ICO! The unique proposition of it's ICO was very different and refreshing. I believe if electroneum keep to it's objectives and deliver on it's roadmap, it will be one of the critically important coin in the future of cryptocurrency!

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[invicta]

Electroneum has been able to run a very successful ICO! The unique proposition of it's ICO was very different and refreshing. I believe if electroneum keep to it's objectives and deliver on it's roadmap, it will be one of the critically important coin in the future of cryptocurrency!

Lol what a joke! They haven't kept to anything in their white paper. This is the shittest of all the shitcoins - alleged privacy-focussed, anti-ASIC, decentralised coin that has had it's privacy features removed, now welcomes ASICs again (after forking away from them) because no-one wanted to mine with GPUs because it was so unprofitable (I mean, there's supporting a coin you believe in short-term and then there's just plain stupidity, e.g. when the airdrop earns more ETN than you mine) and forced centralisation where you rely on their crappy infrastructure for the app that has daily issues and backlogs. Nothing in their roadmap has gone to plan. They are just holding out so they can cash out their ICO funds in November, when they are unfrozen.

Stop patting them on the back, they don't care about you or the rest of the crypto-community. If you don't believe me, do your own research - don't just read their propaganda and blog posts. When it all goes bang, they deserve to be investigated for fraud and mismanagement, watching them squander your 'investment' is crazy. It's embarrassing to be British and for this utter crapfest to be the first and only 'British cryptocurrency', I am so ashamed.

[contraband]

Electroneum has been able to run a very successful ICO! The unique proposition of it's ICO was very different and refreshing. I believe if electroneum keep to it's objectives and deliver on it's roadmap, it will be one of the critically important coin in the future of cryptocurrency!

Lol what a joke! They haven't kept to anything in their white paper. This is the shittest of all the shitcoins - alleged privacy-focussed, anti-ASIC, decentralised coin that has had it's privacy features removed, now welcomes ASICs again (after forking away from them) because no-one wanted to mine with GPUs because it was so unprofitable (I mean, there's supporting a coin you believe in short-term and then there's just plain stupidity, e.g. when the airdrop earns more ETN than you mine) and forced centralisation where you rely on their crappy infrastructure for the app that has daily issues and backlogs. Nothing in their roadmap has gone to plan. They are just holding out so they can cash out their ICO funds in November, when they are unfrozen.

Stop patting them on the back, they don't care about you or the rest of the crypto-community. If you don't believe me, do your own research - don't just read their propaganda and blog posts. When it all goes bang, they deserve to be investigated for fraud and mismanagement, watching them squander your 'investment' is crazy. It's embarrassing to be British and for this utter crapfest to be the first and only 'British cryptocurrency', I am so ashamed.

Never a "privacy focused" coin

Never touted as an "anti-ASIC" coin either

Mobile Mining is done

Instant Transaction Tech with patent done

New API tech for vendors done

Around 20 partnerships done already with many more coming

1.6 Million registered users. This is around half the number of BTC users, which has ETN on pace to be the coin with the most users soon

200,000+ Mobile Miners

Plus much much more


Tell me? Is it not likly that ETN will be in at least the Top Ten coins by MC when they have the most users of any coin??

Do the math on what that will do for the price

[CatchSomeAirdrops]

I bought some Electroneum (ETN) during the ICO and I'm yet to make use of it, since that wallet is yet to go live and Electroneum team keep talking about security and hacker one and other stuffs. They do try to keep in touch once in a while, so the answer to your question if it's a scam? Well, I can't say yes or no since there's still some slight chance of investors having their coins but what I would say is they have lost the momentum they gathered during the ICO and would need to do more, if ever they do not runaway with people's money, to bring back that momentum.

[invicta]

Electroneum has been able to run a very successful ICO! The unique proposition of it's ICO was very different and refreshing. I believe if electroneum keep to it's objectives and deliver on it's roadmap, it will be one of the critically important coin in the future of cryptocurrency!

Lol what a joke! They haven't kept to anything in their white paper. This is the shittest of all the shitcoins - alleged privacy-focussed, anti-ASIC, decentralised coin that has had it's privacy features removed, now welcomes ASICs again (after forking away from them) because no-one wanted to mine with GPUs because it was so unprofitable (I mean, there's supporting a coin you believe in short-term and then there's just plain stupidity, e.g. when the airdrop earns more ETN than you mine) and forced centralisation where you rely on their crappy infrastructure for the app that has daily issues and backlogs. Nothing in their roadmap has gone to plan. They are just holding out so they can cash out their ICO funds in November, when they are unfrozen.

Stop patting them on the back, they don't care about you or the rest of the crypto-community. If you don't believe me, do your own research - don't just read their propaganda and blog posts. When it all goes bang, they deserve to be investigated for fraud and mismanagement, watching them squander your 'investment' is crazy. It's embarrassing to be British and for this utter crapfest to be the first and only 'British cryptocurrency', I am so ashamed.

Never a "privacy focused" coin

Never touted as an "anti-ASIC" coin either

Mobile Mining is done

Instant Transaction Tech with patent done

New API tech for vendors done

Around 20 partnerships done already with many more coming

1.6 Million registered users. This is around half the number of BTC users, which has ETN on pace to be the coin with the most users soon

200,000+ Mobile Miners

Plus much much more


Tell me? Is it not likly that ETN will be in at least the Top Ten coins by MC when they have the most users of any coin??

Do the math on what that will do for the price

Read this:
https://electroneum.com/overview-white-paper.pdf

Page 10 specifically, top-right paragraph.

Then read this:
https://electroneum.com/technical-white-paper.pdf

Page 2 about Ring Signatures.

I am sick and tired of the 'mass adoption' argument fanboys put forward, it does not matter if it's widely used and it's a pile of crap. The only reason people are signing up is because of the promise of getting something for free, in this case airdropped ETN that's part of the farce that is 'mobile mining', which is also highly centralised, because you rely on that useless dev team to not screw up, again.

What about this:
https://electroneum.com/2017/10/24/how-much-can-i-earn-as-a-mobile-miner/

Ells claiming people could earn $30 per month - well who wouldn't want that for free? The reality? Maybe $2 per month if you're lucky.

If they had done this properly it would not have started out copying Monero which is incredibly complicated due to ring signatures, especially if their dev team are as inept as they are (that's why the hard fork took them 2 months to sort out and destroy the network while ASICs ran rife, despite others offering their expertise and help, see GitHub). Mass adoption is not a bad target, but you also need technical competence, understanding and preferably users who under why real mining (not the pointless shit you do on your phone in an app) is important to network security. Also if everyone has something, that devalues it, it's just how it works - do you think a Ferrari would be desirable if everyone had one? Well, that's what happens when you just give/airdrop tokens like that, it has no real value.

The coin only just got above top 100 again, it would never have got that low if people actually believed in it. I've given you the links, read them at your convenience. FYI, I hold Electroneum and followed it from day one but having been on that journey, it's just crazy just quite how much they have squandered this opportunity.

[Master_Obi1]

I dont know but i don't think they are scam. Electroneum team looks rather professional. You always need to do some accurate research, before investing in ICO.

[kz06]

I'm entirely persuaded it's anything but a trick. It has some committed individuals behind it, they generally reply here on the gathering. I even chose to put a smidgen in it to check whether things work out. For individuals thhat believe it's a trick, I recommend doing your own exploration. Also, in case you're similar to me and choose to contribute, take after the brilliant administer and contribute what you can bear to lose.

[sunrise.now]

Firstly I doubted if it was a real scam there
But as the team with the project gathered more than 3 mil I was sure it turned out to be a perspective project

[trash321]

I heard a lot about this project, but I did not invest anything in it, neither money nor time, so I can only listen about what others say about this project, but many people spoke very well about this project.

[bunchakhongmz999]

It's not a scam, the use of mobile phones for mining could be absolutely revolutionary for crypto if it is done properly, it would bring so many people in to the market who are interested in gaining some passive income.

[yourselfe99z9]

Looks like a bunch of professional scammers to me to be honest.  I wouldnt trust it even by touching it with a stick.  But look at this money they are raising, its hard to tell how much of it is actually real.  Electroneum doesnt make much sense to me, and past projects that use flashy words and catch phrases that didnt make sense didnt turn out so well.

[coin-investor]

It's too early to judge them, although they are not living up to our expectation this is the most hype coin last year and one of the most successful ICO too, but no Ico investors have lost here yet because at the current price it's the Ico price, and remember you have a bonus plus a referral earnings as well, let's wait a few more months.

[invicta]

It's too early to judge them, although they are not living up to our expectation this is the most hype coin last year and one of the most successful ICO too, but no Ico investors have lost here yet because at the current price it's the Ico price, and remember you have a bonus plus a referral earnings as well, let's wait a few more months.

Bitconnect and Tezos were pretty hyped up too, you know!

It's not a scam, the use of mobile phones for mining could be absolutely revolutionary for crypto if it is done properly, it would bring so many people in to the market who are interested in gaining some passive income.

Except it's not done properly, it's fully centralised, controlled by the dev team who can't barely pull a functional app out their backsides. And then to add insult to injury, they've allowed ASICs back on the network which shuts out GPU miners and is another step away from decentralisation.

[o12mxasd12]

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.

[diego ramos]

Definitely not a scam, Electroneum is one of the popular coins nowadays. Altcoins are now promising but we should also check the coins or search for it before investing into it. Why don't you try. I think Electroneum also has mining software that the price can increase just like Bitcoin.

[contraband]

It's too early to judge them, although they are not living up to our expectation this is the most hype coin last year and one of the most successful ICO too, but no Ico investors have lost here yet because at the current price it's the Ico price, and remember you have a bonus plus a referral earnings as well, let's wait a few more months.

Bitconnect and Tezos were pretty hyped up too, you know!

It's not a scam, the use of mobile phones for mining could be absolutely revolutionary for crypto if it is done properly, it would bring so many people in to the market who are interested in gaining some passive income.

Except it's not done properly, it's fully centralised, controlled by the dev team who can't barely pull a functional app out their backsides. And then to add insult to injury, they've allowed ASICs back on the network which shuts out GPU miners and is another step away from decentralisation.

The hash power was TOO CENTRALIZED without the ASICs that why they switched back.

ETN will be in the top 10 withing 12-24 months

And where do you think the MC of all cryptos will be at by then?

And ETN is at ICO prices? Do the math on the ROI

[invicta]

It's too early to judge them, although they are not living up to our expectation this is the most hype coin last year and one of the most successful ICO too, but no Ico investors have lost here yet because at the current price it's the Ico price, and remember you have a bonus plus a referral earnings as well, let's wait a few more months.

Bitconnect and Tezos were pretty hyped up too, you know!

It's not a scam, the use of mobile phones for mining could be absolutely revolutionary for crypto if it is done properly, it would bring so many people in to the market who are interested in gaining some passive income.

Except it's not done properly, it's fully centralised, controlled by the dev team who can't barely pull a functional app out their backsides. And then to add insult to injury, they've allowed ASICs back on the network which shuts out GPU miners and is another step away from decentralisation.

The hash power was TOO CENTRALIZED without the ASICs that why they switched back.

ETN will be in the top 10 withing 12-24 months

And where do you think the MC of all cryptos will be at by then?

And ETN is at ICO prices? Do the math on the ROI

If you just believe everything they say on Twitter and their blog then that's why you think that way. The hashrate flip-flopped because the only way to make money was to wait for the difficulty to fall then get back on it. Here's the thing, people don't like wasting their electricity and losing money just to support a network - that's why all the GPU miners left. Obviously the fanboys called it greedy but then they're just sitting there with a few thousand ETN counting the days til their Lambo arrives, not helping in any way whatsoever.

How exactly are ASICs not centralised? Who owns them? Do you own one? People will only mine when the going is good, even ASIC miners, they're owned by mostly by big entities - they can mine with them but they're cashing out anyway, they're not holding.

ETN will never be in the top 10 within 12-24 months, there are tons of more promising projects with much more competence out there. This thing is literally in a death spiral because people do not mine a currency if they are effectively losing money. The only people who 'believe' are the majority of social media users who are too stupid to even understand crypto or how it works, they can't even tell you what real mining is - there's dumbing things down for the layperson then there's this which is a horrendous over-simplification of the entire ecosystem.

ETN is below ICO prices. What 'math on ROI', if you think it's going to the moon then you should be snapping it up right now while everyone else is dumping. The daily trade volume is so low all it'll take is one person to make a big move and it'll rock everything.

Come back and tell me I'm wrong in 12-24 months. I honestly think all they are doing is clinging on until November when they can get access to the ICO funds. And I hope Ells and his crew of marketeers get properly burned for this, you can't mismanage a project this badly in the UK and think you can make off scot-free. To call this 'the first British cryptocurrency' is a total embarrassment to me as a British national.

[Oleyumi]

for what reason do we effortlessly judgment ico whose deals effective is extraordinary indistinguishable to the trick? simply take a gander at its accomplishment is as of now in excess of 140K eth and 1K BTC raised. this is astonishing! what is the reason you call ico this trick?

[raullemos26]

I think its a solid project. Definitly not a scam... We'll figure it out But maybe its gonna dumb when release on exchanges because people are going to sell and secure their +50/40/30% made on the ICO price

[slmn]

Very much bad news about Electroneum we saw Marketing and Advertising has stopped with Electroneum, which means it's either dead or frozen. Problems with wallets and coins stolen, CEO is being impersonated by random people. It's going bad for Electroneum.