Post
Topic
Board Altcoin Discussion
Re: Is Electroneum a SCAM???
by
invicta
on 28/11/2017, 10:00:02 UTC
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

Just because a legitimate company says they are working with someone doesn't immediately legitimise the entire operation.

There have been virtually no news updates from them, when there is it is literally 'marketing to the stupid' - as in, it's just things that just appeal to people who are die-hards and who think they can make it work just by willing it to.

I'm not saying it is a scam but they seem to be losing grip on this relatively delicate situation and you need the support of the community (especially in crypto), not just say 'we're working on it' and think that's a passable excuse when you have $40m of peoples' funds locked up (not mine by the way).

Also, obviously you believe in it, you're one of their main supporters on these forums, nothing wrong with that, but maybe then you can produce some evidence that shows it's all heading in the right direction? Just saying 'Hackerone' (which seems to be what most people are using to claim legitimacy) isn't valid. Something like the actual technical states of the wallets or the apps would be a good start, a technical background into how mobile mining/simulation is going to work and be managed (since it's not proof-of-work consensus) or even some technical background into how this isn't just a direct copy of Monero (which has a great codebase) with a name change?