Ergo is a scam. No seriously, hear me out

Ergo is a newer cryptocurrency project that aims to provide a secure and scalable blockchain platform. But with so many scams in the cryptocurrency world, many people are asking: Is Ergo a scam? In this video, we'll be taking a closer look at Ergo, its technology, and the team behind it to determine whether it's a legitimate project or a scam.

#ergo #gpumining #cryptomining

👕 Merch-

Join the Conversation:
@Coastalcrypto11 - twitter

My New Trade tracking Journal

Don't let your hard-earned money just sit around put to work for you and collect compounding interest. Check out my referral links below and we can grow together

Join me on my journey to financial freedom, as I discuss everything from Crypto, to my metal and fabrication company, to thrifting, and more.

I truly believe hard work and knowledge is the key to unlocking your truest potential.

Join this channel to get access to perks:

💰Use my referral link for an easy way to buy crypto like DOGE

Show some love

Need help becoming a youtuber?

Check us out on Odysee

[lowkeynerd]

No. Seriously. This is the most uninformed media I've seen lately and that means a lot in the climate we are in.

[erg_tyzze]

Anyone that freely spreads lies about other projects in order to scare off people doesn't deserve an audience. I guess someone that has a video titled ''When kaspa moon'' would do such a thing. Ergo is miles ahead of every other PoW chain, get over it.

[nobel]

Lots of misinformation. That's what happens when you think you know about a decentralized project, but in reality you don't.

[leozeraofc]

That is certainly true for evm systems, especially with closed source code. Even when the source code is open, having 90% of the tokens and governance controlled by a central entity lends itself to these types of changes and rugpulls.

But ergo's smart contracts are of a different nature; it's not a virtual machine, it's sigma protocols. The code is all open and this person could audit it if wanted to, but that does not suit his motivations.

The emissions and total amount are known ahead of time, just like for Bitcoin. Does that mean that Bitcoin miners aren't mining Bitcoin?

[octogonalrider]

GZ.
this guy has no idea what his is talking about. lol

[YannickWende_we]

Orchestrated FUD by salty ETC hardcores again? Already that time? Guys, in crypto there is only one thing to consider: DO YOUR OWN RESEARCH, look at the community, the transparancy and the pathway and dont listen to neither me nor some random anon that posts shit via youtube as hundreds of thousands of others do all day long. Hope the best. By the way.. Ergo is amazing and Ergo miners are highly respected in the community. Cheers, njoy your day.

[Ykez]

You seem like a reasonable person, but calling a completely open source protocol a scam when they haven't scammed anyone is not fair. Anyone can go in and verify the code, search for any backdoors or weird stuff with the emissions. As for devs changing things; I guess they have to. Otherwise the protocol would not be able to improve. But I understand your concern.
Only thing that annoys me with Ergo is the whole ETC twitter account takeover. That was unethical IMO.

[financeplank]

The community voted to change the emission smart contract, this was voted on and decided by the miners not the DEVs... your completely flawed with your argument, The devs can't change anything without the pools that do the voting, if the miners leave ergo ergo is dead, there is not difference between other chains, Ergo is not a scam, Don't use a dumb click bait title. No there can't be a rug pull because the devs don't hold custodian ship of the tokens they have a very small percentage of the liquidity, you honestly should change the title of your video to Ergo FUD or ergo white paper discussion, Not ergo is a scam the emissions smart contract is built into the code that takes a percentage of the block reward to its difficulty schedual there's a chart that tracks this, the devs cannot just get the unmined tokens unless blocks are found, there has been over 6 years of work with hundreds of developers into this network, get your facts straight, you litterly say at the beginning that you don't know and I don't know, so before making this click bait crap to try pump your flux and pull miners to your largest bag, take a moment to consider that your content is harmful to your channel also your credibility and also bad for the crypto industry and the community, Ergo is not a scam, blocks must be found in order to get a block reward and build the currency.

[somethingTudo]

By definition, mining process also serves to verify and validate transactions, securing the network. The coins are rewarded in the process, regardless from the block creation (BTC) or from the smart contract (ERGO). Heard of BTC inflation bug in 2018? that's what happens because of the exploit with the former block creation mechanism. And what did the dev do? The dev fixed it by altering the code. So don't tell me altering the code is only issue for Ergo. Take a chill Safemoon, shitcoin shillers

[ergominnow]

The amount of lies and misinformation in this video is beyond alarming. Seems like two people salty about price action. Tough to stomach.

[Alexbl]

I don't see your point, you can run your own node and choose not to run the software superimposed by the devs. it's not like ETH where no one can run a node because it's so expensive.

If there's a change to the emission/re-emission contract it has to be voted on and hard forked. It's first submitted as a proposal then the devs work on it.
It was done before with the introduction of re-emission contract and it was voted in because it benefited the miners.

Clearly you lack understanding and you're already front-running the corrections and dismissing as all as "angry ergo community", but we're telling you ergo is nothing like the scam rugpulls ETH has produced over the years.

[tazaiv]

FUD presenting wrong facts...someone didn't do his research. DOWNVOTED

[alangeisse]

LOL, zero clue and 100% click bait.
If you say all ERGs have been mined, show me which wallets they are in. Oh!, what a surprise, there isn't.

Who hurt you?

[typ_music]

You're error is in thinking a smart contract on EVM is comparable to smart contract on Ergo. Apples to Oranges.

On Ergo a SC is actually called a guard script.

Guard scripts actually protect erg and tokens at any given UTxO.

I understand the confusion but you simply don't understand some key points. Not to say Ergo is perfect, but Ergo isn't how you describe it.

Anybody could have proposed the EIPs thus far. Still required supermajority (of miners/hashpower) to pass & be implemented.

Ergo's biggest weakness is the community can become a cult
-like echo-chamber.


We should have predicted and prevented the DAA fiasco. The Charle's & ETC twitter drama was not 'Ergo', if it was they would have at least had the community vote on the issue.

Ergo is not a scam, Ergo is Ergo- for good and bad.

[MAGICK_K]

“Ergo is a scam, because…here is our project” lol, dude get lost.

[xavierwashington]

I am all for listening into different perspective and no way consider myself a maxi to any crypto. But this video is straight clickbait.

[anon]

Confirmed time to buy erg when people start calling it a scam

[tribesnation]

Have you addressed your concerns with the Ergo Dev TEAM?

[nieyM]

Disagree very strongly with this video.

[herriura]

Gonna post this video when ergo is mainstream