Quote from: Sparky71 on February 03, 2018, 12:52:24 AM

Quote from: 99th on February 03, 2018, 12:34:21 AM

Electroneum did have some of the biggest losses out of all the mainstream coins this week. I see it recovering a little, but it is going to take a bit for it to come back from the 50%+ losses over the last 7 days. Do I think it is a scam? Of course not. This is a legit project with a legit team and a legit product. I just don't think their launch had very good timing due to the market crash, but it isn't like they could have predicted this.

I agree with you. I also think there is a legitimate need to see the team deliver results. It takes time to do what they are trying to do, and I dont mind being patient. A long and steady delivery against expectations will build more confidence and long term reliability for the platform and the coin. I am happy to HODL while the team builds something solid.

I think the delays with this are mostly that the 'team' doesn't really understand blockchain at all and are learning about it as time progresses. People who are more technically savvy have pointed out that Cryptonote was not the best algorithm for what they're trying to achieve (whatever that really is - the cynic in me believes they have a year to ride this out til they can sell their ICO funds, people seem to forget that). There is a limit to peoples' patience, some say it takes time but 2 months in crypto-world is eternity and what have they actually done in that time? Apart from get a few partners on board, that's no big deal, when you raise an alleged $40m in funding, turns out most people will work with you if you pay them...

When you peel all the layers back, as others have noted, this is just 'Monero with a shitty mobile miner that is still vapourware' and one of the main reasons its generating interest is because of all the idiots who see 'mobile mining' think they're going to get rich by doing sweet FA and that this is some golden ticket. I would be interested to know how many people who hold a lot of ETN hold that coin only and no others.

Dont need to say a lot about the fact that three whole months have passed and they are still only on one shitty exchange with very little news about any others... can you imagine if in your country you could only use one bank? What if you cant get an account with that bank or exchange (Cryptopia) - its not unheard of...

Anyway, while the answer to the question 'is it a scam' is 'no', the answer to the question 'is it a shitcoin' is 'yes'.