lol the who thread is full on ELECTRONEUM FAN CLUB Its not a SCAM but make no mistake its a SHITCOIN
.Price will increase for sure because its crypto craxe but nothing changing the world here
The fact that you made money off it, does not make something less scammy (ie: verge, tron). While the project itself is not a scam per-se, it resorts to scammy marketing tactics. Luring in people with the idea that you're mining with your phone is a scammy tactic. Doesn't matter if you're getting credited for the fake mining, you are implying the network can be upheld securely by mobile devices (which would be awesome, imo). We all know that doesn't happen and you're basically getting some airdropped tokens. Electroneum brings literally NOTHING to the table. It is for all intents and purposes a shitcoin.
What I can't comprehend is why maybe you, me and about 5 other people seem capable of understanding this (I have been jumped on by enough rabid ETN fanboys) and that the concept of cryptocurrency is around decentralisation and network security by making something infeasibly hard to defeat (e.g. PoW algorithm). Airdropped tokens from Electroneum's own network is centralised, people running an app on their phone is centralised and there is no PoW consensus. I literally had this argument with an idiot on Twitter who was demanding answers because he had 12 phones connected and mining through their app, so many things wrong with that... like he was some kind of saint contributing to the cause. I am yet to see anything innovative from this lot other than mass marketing and hype to uneducated people who think crypto is just about getting rich quick and buying a Lambo - I bet half of them couldn't even tell you the name of the PoW algorithm they use. The only reason I hold ETN is because if I'm wrong and it is carried by hype alone, then I don't want to miss out.