Seems like all the color coins besides black coin are run by total noobs.
So far, yes.
It should be a big red flag anyway when you back a coin which is pre-mined. 9 times out of 10 the developer dumps his coins and runs away. And then pops up a week later with a new coin under a different account.
Either that, or the developer runs 10 coins simultaneously to increase the chances of a big cash out. If one dies, drop it and add another. It's so easy to do that the whole crypto-community should be avoiding anything without provable ongoing development... I'm sure the same guys have been getting richer and richer over the last few months.
