Zetacoin has all of the earmarks of a concerted plan to increase the price-per-coin while leaving people who don’t know better holding the bag.
This strategy is extremely effective, it relies almost exclusively on hype and misdirection, and is extremely low on fact. This Wikipedia article is a good starting point to understand the dynamics for any micro-cap stock. This type of scam is illegal in the US, and many other jurisdictions, but because Crypto Currencies are for the most part unregulated people are preying on unsophisticated investors. The general flow is as follows.
1 – Buy a bunch of some random non descript alt-coin or start your own. For an existing currency like Zetacoin you probably want to slowly buy into it so as not to disrupt the price. If you buy too much too fast people are going to notice that there is manipulation at play. A good example of this is the number one Zetacoin address by value ZGfz94PBE2D3yhgSSooqMbtSiLNLozYsbv which at this time is worth approximately 1.5 million USD. Here is the link to the very first transaction for that address. Notice how the owner systematically accrues 50,000 ZET every 4 minutes. That is until yesterday at 6:26 PM where the owner starts offloading and reaping the profits, $456,000 of other peoples money at the time of this writing.
My guess is that the no.1 wallet belongs to Cryptsy, since it's the only one that could account for the volume displayed on this exchange in the last 24 hours (price is around the same point it was 24 hours ago). If this account doesn't belong to Cryptsy, feel free to point out which one is, because I find it hard to believe any other one is. Especially since the next 2 biggest wallets had a 'last tansaction' dating from 5 months ago.
no 1. account holds 37 million ZET
no 2. account holds 7.3 million ZET
no 3. account holds 5 million ZET
Feel free to discuss this here if you feel like I'm wrong. I'm a noob when it comes to blockchains.
But, the rest of this post smells as if this guy's been living under a rock.
Check out one of ZBAD's past projects here -->
CryptR. An advertising platform which knocks other coin' projects out of the park.
This is real, this is live & this works. Yet you sit here counting Reddit subs one year after launchdate claiming it's a hoax.
I'm not saying I know anything about the news & I do think it's best to see any confirmation at all, but for those who paid attention; It was announced in December that during the first months of 2014 there would be something
big.
This isn't something which just happened overnight like the post suggests.
Y'all should read up and find out for yourselfs.
Real world payments in Kenya and Tanzania (after app, we give the buzz!)
