Post
Topic
Board Altcoin Discussion
Re: Is Electroneum a SCAM???
by
invicta
on 10/05/2018, 18:12:44 UTC
Grin   lol the who thread is full on ELECTRONEUM FAN CLUB

Its not a SCAM  but make no mistake its a  SHITCOIN Huh .

Price will increase for sure because its crypto craxe  but nothing changing the world here
hahahaha i made savage money off it. its still nearly 3x the ico and thats at its lowest. wake the fuck up.

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.

It is a marketing tool. I do not get why it is a scammy tactic. What difference does it make to the person mining if they are getting coins all the same? Mainstream people who this is aimed at will not care if it is true mining or not. The result for them is the same.

Because there is no incentive for real miners to bother with this and they are important for network security. Free coins don’t exactly have a lot of value if there’s no work or effort involved in getting them - basically anyone who can operate a smartphone can get this. That’s great if you don’t care about the greater good but it doesn’t exactly educate anyone. Maybe ‘scammy’ is the wrong word but there isn’t exactly a lot or any real innovation or developments recently.