Post
Topic
Board Altcoin Discussion
Re: Is Electroneum a SCAM???
by
mugwump
on 05/11/2017, 08:22:00 UTC
I don't understand how people can be put off that easily. Electroneum is still a great project and one of the few where mass adoption is being addressed in a very creative way. The mobile mining experience is basically a marketing thing to hook people on. The max number of decimals is two which also isn't a necessity but a creative feature because people are putt of by paying like 0.000000023 shitcoins for their coffee. The blockchain itself is state of the art in that it allows anonymous transactions and has high transaction speeds. I see a lot of good things.

The security precautions, of course, should have been thought of way before the blockchain went live. It's surely not the typical ICO-experience where the investors can sell a share of their coins in the first few hours at high prices and then buy back when the price comes down again. With the price being now only around twice the ICO-price, all the people that missed out on the ICO can buy ETN for long-term at a very cheap rate. Usually, when you miss the ICO, you pay much more for the good coins. I personally would have loved selling a batch of my coins at 23x the ICO price within the first hours of trading and keep the rest for long-term. But the fact that this chance is missed due to the security precautions doesn't make ETN a shitcoin or a scam.