This was a post of me on Libertycoin thread. It got deleted. I'm afraid Dreamcoin is the same story. Here my old post:
I'm definitely seeing some red flags with this coin (and DreamCoin) as well. I think it's a new way to make a buck easily for the dev's. I wonder what you guys think.
1) Create a coin with a short mining period, so you can easily mine a lot of coins in the beginning
2) Publish that you have something revolutionary implemented, although it doesn't have to be true, this will raise the price
3) Sell them high before everyone realizes it's not what it supposed to be
I'm not sure that this is the actually the case. But I sold all my Liberty Coins (a whopping 0.17 btc worth, lol).
I sold all my Dreamcoins.
You did it wrong my friend. Here is the message from dev about this issue. someone was blackmailing dev for this.
"This coin is scam, another BC clone. No zerocoin, no innovations.
http://pastebin.com/rknTJpWd"
Dev : ^^^ This user sent me a PM trying to blackmail me just so everyone knows. I have already stated in this thread what is being done with libzerocoin and zerocoin implementation. Updates will be made by next week to the current libzerocoin code, Zerocoin needs further development before it is completely integrated with Dreamcoin, it simply isn't ready for primetime quite yet. Learn to read before trying to troll...The current code is just being setup, not quite there yet Wink But we will be! Cheesy I promise you that.
No premine or instamine and huge community support and third top coin on bittrex for volume, I really think you need to get your facts straight before you starting throwing out the word scam and trolling.
No non-believers allowed here! We are dreamers!