Is Electroneum a SCAM???

[Febo]

is there any strong guarantee or clear proof of this coin that this coin is not a scam, i often see news about a coin that is rumored not scam but real scam. is there anybody can explain it.?

What would make you think its a Scam?

Hackerone just tweeted a few days ago that ETN is one of their customers, and they work with the US Department of Defense, Starbucks, Spotify, Blockchain.info, and Coinbase.

Not a scam lol

So I bought an IBM computer. IBM sells computers to FBI.   That means I am a God?  No. I am just an IBM customer I bought one product.


It is not hard for Electoneum scammers to be customers of everyone. They can buy Lambos. Tesla's and whatever they want with $40 millions they stole.    Will you say Tesla is sending rockets to space and Electreum bought Tesla Roadster with your money. That means there is no scam.   Trust me you will all be in jail soon.

[invicta]

I strongly believe the real power of this coin will be seen once the app goes live. Viral growth tools are built right into the app. The app makes it really simple to get your hands on some coins and then send it to someone else. To us seasoned investors it sounds ridiculous, but to the guy on the street in Zimbabwe, the excitement along with getting their hands on some "technological digital cash" could be astronomical. Even more so considering the state of Zimbabwe's economy and the recent developments in their presidency.

In addition, Electroneum just raised $40 mil (probably worth $80 mil by now) which is solely dedicated to marketing, app translation, and further development to be accepted as a form of payment in the mobile gaming industry. The product is already developed and the blockchain is already live. So they can focus all their attention on getting the word out.

And with the team's compensation coins being locked for at least 12 months, I think they will be doing everything in their power to grow the coin.

I might sound positively biased (I do have a sizable investment in ETN and want it to succeed), but I really look at the potential of this coin and the number of milestones it has already reached despite the launch hickups, and all I can see is a bright future.

Fingers crossed...

This is a pretty well-reasoned counter-argument - I like it for the most part!

Though, I would say, no-one has seen the app yet so we don't know what it can or can't do really. And I have been on their social media and the numbers of posts has massively tailed off, but even before that happened, most of it was just waffle - like merchandise or 'oh look we have a coffee delivery', nothing actually decent that confirms things are happening. I am still a bit wary about giving coins to anyone, I know this sounds elitist, but part of the enticement of crypto is that there is a bit of a barrier to entry, it's not massive but it forces people to know what they're doing - now, there's nothing wrong with reducing that, but make it too simple and the value prospect fades away. I literally came into my office today and the girls on reception said, 'have you seen the news, Bitcoin is at an all time high, I want one!', I told them to do a bit of research and sign up with a decent exchange (I think I suggested Coinfloor or Coinbase for us in the UK) and also to think about why they wanted it beyond, 'I want to get rich'. Anyway, I said I'd help them do best practice if they wanted.

I didn't invest in Electroneum's ICO and I still stand by that I'm glad I didn't but I will be watching this with a close eye.

[tmschard]

Fact 1 - When looking at investor arguments, it seems that it was invested in Hackone and not in Electroneum.

Fact 2 - The idea is romantic but the application is complicated by incompetent people. You can not believe anything that was promised.

The smell of SCAM only increases

[monsterman]

another ICO so many posts anyways the final verdict is that at present there is a big question mark about electroneums just because they said they r working with some big reputed companies that does not really prove that  they r legit ones, anyways what were they doing during ICO , why could not they ensure security at that point of time ?  ICO ended they pulled the curtains down for a while lets see when this BIG WHILE ENDS

[1969Dave]

No, it is not a scam, they are facing some security issues. I joined the ICO, no problem for me to wait, security comes first.

[bitroxis]

Many of the ICOs are scams, so the worries expressed here are legit. Maybe the important question here should be: is it wise to invest in Electroneum? And to this I would say: maybe not at the moment.

[rajjagwani]

I guess this is the right time to invest in electroneum...right now its below the ico rate...its a good project ..it just need 1 pump ot will definately reach to 1 dollar

[RonMank]

I guess this is the right time to invest in electroneum...right now its below the ico rate...its a good project ..it just need 1 pump ot will definately reach to 1 dollar

First , its not below the ico rate and second it will take a lot of time to rech the 1 dollar or probably it will never happen.

[invicta]

I guess this is the right time to invest in electroneum...right now its below the ico rate...its a good project ..it just need 1 pump ot will definately reach to 1 dollar

First , its not below the ico rate and second it will take a lot of time to rech the 1 dollar or probably it will never happen.

Exactly, it's this kind of naive thinking that will damage crypto in the long run. All these people who buy in expecting 100x return on an unproven product... it's as if no-one else has noticed that there is only a finite amount of money in the world and the total crypto market cap cannot exceed that (well not without catastrophic fallout). Part of me thinks that a crash would weed out all the hangers-on and leave just the ones we really want and believe in.

That said, it has gone up a little in the last few days.

[keneda95]

nobsimreviews.com/electroneum-scam/

Electroneum is definetely a Tezos like lol

[invicta]

nobsimreviews.com/electroneum-scam/

Electroneum is definetely a Tezos like lol

That site would be a lot more believable if one of the opening lines wasn't:

"Before I start…

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation below.

It’s helped me earn over $150k in the last 6 months alone:

Go here to see my no.1 recommendation for making money online

(This is a 100% free training)"

Basically an ad to fool the stupid. And with that the credibility went out the window...

[neatworld]

I've not been the greatest defender of ETN on this forum, but I do have agree with the previous poster that the link above is not credible at all. So many pop-ups shilling his product. Not an unbiased source, in my opinion.

[tarzan2]

why is electroneum.com down?

this ico is looking more scam with each passing day its late... i dont understand how they can screw up a release this badly
a few days is one thing but this late on the release is just suspicious
what makes this coin so much more susceptible to attack than any other ico?

what is a little botnet in the grand scheme of things anyways?

[Gargo]

I guess this is the right time to invest in electroneum...right now its below the ico rate...its a good project ..it just need 1 pump ot will definately reach to 1 dollar

I wanted to invest in this coin, but after what I learned here, it is not worth it. In my opinion, only some profits are counted, and it is not worth wasting time on something that most likely will not work.

[achillez]

Folks - has anyone successfully gotten the Electroneum official wallet (off github) to sync to the blockchain, and actually see your wallet balances? I've been experimenting and was able to sync but the wallet doesn't show any balance (even though when I check the blockchain with the key/viewkey it does). Is the wallet fubar'd? Isn't this a big red flag?

Another red flag is that Electroneum literally is a copy/clone monero with few changes. The readme's, source code etc... is exactly the same. They just renamed whatever said monero to electroneum. I know some altcoins often copy from others but this seems excessive. What is monero doing that is unique here? Anything besides pumping up marketing?

[domari]

I am not with eletroneum coins. I'd better listen to more information about the coin. This thread also I think it's good to see assumptions or arguments from users about electroneum.

[cryptogirls85]

I was able to synchronize the blockchain and get a few mined ETN coins... then send them to Cryptopia.... they have a CLI wallet on Github... and a few nice explanations of some guys on Youtube.

It all had to be done with command line... since I managed to do this I dont think anyone here will have any trouble with it 

[sconklin321]

I do not think Electroneum is definitely scam. I think they have a project that is very logical and can be passed on. I am confident that Electroneum price will rise by 50 cents in the near future.

[HichemFetoui]

i think so they are too much late 

[achillez]

I was able to synchronize the blockchain and get a few mined ETN coins... then send them to Cryptopia.... they have a CLI wallet on Github... and a few nice explanations of some guys on Youtube.

It all had to be done with command line... since I managed to do this I dont think anyone here will have any trouble with it 

Interesting. I've been doing mining for many years. Setup this CLI wallet on github, and the daemon. Went through all the steps properly yet my transactions are still not showing up. This might be a basic question but the "address" that is shown when you start the CLI wallet is your public send to address right? Any coins sent to that location will be visible in your wallet?