Quote from: benjaminoo on November 28, 2017, 11:20:36 AM

Quote from: invicta on November 28, 2017, 10:00:02 AM

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?

I see your point. But think about it this way. What updates are they able to give, other than "we're working on it"? HackerOne is doing testing and will make a report available in due course - no sooner. So the Electroneum team doesn't have the details yet either.

And if they did, they surely wouldn't tell the world about the security loopholes that need fixing, because that will expose the inner workings of the system and invite additional hacking. An army doesn't share its tactics with civilians, because the enemy might be listening.

For now, their hands are tied. They can't update on the security of the system as mentioned above. They can't market the coin since the product is currently not working. They can't improve the system technologically because that would require HackerOne to start over. The could apply at more exchanges, but half-a-product wouldn't look good on the application form, either.

Right now all they can do is keep the social channels alive every few days and plan their marketing efforts. Nothing that deserves frequent updating.

Right - honestly I hope it isnt a failed project and I am mining it with a small portion of my hashpower. I dont think scam is the right word.

I see what you mean but given the tragic launch, I would probably expect meaningful posts every day or two not generic stuff or that merch they were pushing. There is still no technical stuff out in the wild and I am especially interested in how theyre going to airdrop currency for the mining simulation without being centralised, while stopping phone emulation and devaluing all the people who are actually doing PoW consensus. I want to see how this differs to Monero from a real world point of view - we have enough cryptocurrencies, it cant continue indefinitely.