Topic: [BREAKING NEWS] CNC might soon be traded on Bter.com - page 2. (Read 3246 times)

yeah... looks exactly like pump & dump coin... the dev dont even bother to interact with the community...

I think the 'disappearance' could very well be a PR stunt though. Satoshi anyone?

I think you are setting your hopes too high for this one. The author went off the grid (hasn't posted in 3 days) and interest is waning. I find it hard to support when the author hasn't taken any initiative to promote services or participate in the community. It may well be a scamcoin.

Granted there was a lot of buzz when it launched and if the author set up some bounties I think it could have taken off like Feather, but I get the feeling he just mined a few thousand coins after posting it then cashed out later. I don't see it getting much traction on the Chinese side of this site, just a bunch of people posting wallet addresses...

Why do you think so ?

Meh - I am in both FTCs and CNCs; but can't really see CNC really amounting to anything.

It will be forgotten day after tomorrow.

Disclosure: I have a considerable position in the cryptocoin mentioned, and am mining as much as I can right now.

Thought I'd open a new topic to draw some extra attention to the following fact :

The admin of Bter, a China-based bitcoin exchange, is seriously considering adding CNC ( or CHN, depending on what you think the  correct acronym is )

"proof" :
https://bitcointalksearch.org/topic/m.2016756

This is very good news. I've lived in China for a few years and I've seen the eagerness the Chinese have in jumping onboard when they see a great investment opportunity. Especially the rich love to gamble on stocks, commodities, real estate, tea ( yes, tea ) and all kinds of Chinese medicine.
It's a huge plus that the coin is named after their country, because the People have been brainwashed to be extremely patriotic.

If this DOES hit the exchange, I predict a skyrocketing CNC rate. Something that will make FTC's rise look cute in comparison.

The one question that remains, is this a scamcoin ?

Sure, starting with a difficulty of zero is effectively a pre-mine, but that fact that it wasn't announced to the general public but was kept to a small group doesn't surpise me at all. That's how Chinese society works. A group of business partners give eachother "face" and do business, excluding people who are not in the clique, effectively out-competing them.

The above doesn't mean that it's a scam. We may  be witnessing the birth of THE asian crypto.. Not having some CNC on your flashdrive may be something you're going to regret badly in a week or a month.