Silkcoin was a scam, why so much enthusiasm for it ?
It may have been a scam (from what I've heard claimed of the two key devs) or it may be a case of a poorly managed dev team that got in over their head and then the leaders bailed out leaving bagholders with a buggy coin and broken promises. The ideas brought up for Silkcoin were good though, and so if enough competent dev support can be brought together (which appears to be happening), the project can still be brought to fruition. It's better than starting from scratch anyway.
He (lead dev as know as Silkcoin on Bitcointalk, Robert Crouzet in real life) has transfered ALL premined coins to Mintpal and sold BEFORE ANY COMMUNICATION to the "community" (insider trading).
Current situation is not a consenquence of a "poorly management", it was his/their plan.
Regardless of what the old dev did, this coin still has some very strong points. Already on the top 4 exchanges, wide distribution, great community and the best part of course is having Bholzer as lead dev.
The scam is the past, this is the new SC community
I really dont even know if it was originally intended as a scam to start with, i mean they appear to have completed alot of work on the coin, it just seems to well designed to be a scam coin, all the other scam coins ive seen look like a total joke compared to SC.
Interestingly, a successful community takeover is going to make this coin more successful than before and the original devs will wish they never abandoned the project!
Anyway, this coin is going to be a testimony that good things can happen out a bad situation, i think we will lead the way as an example of a community effort.
It also teaches us the lesson to be wary of coins with a "private" dev team, in other words, its safer to trust a coin that has many members involved from the start, with regular communication, just like any professional open source project. We were trusting these guys to deliver, and for all we know there may have only been one dev working on the whole coin.
