Topic: So the AsiaCoin scam has now taken us to a new level....welcome. - page 2. (Read 2098 times)
The scam was very clever in that it encouraged early hoarding vs dumping with a 100% PoS reward for the first year. The 'dev' dumped the hidden pre-mine while speculators hoarded, maximizing their selling price. Had it not been discovered when it was, it could have been far worse.
This hidden premine is a shame. Thanks God I'm not holding it.
We have to ask ourselves, who has the most to lose from any alternative becoming successful? Then we have to ask ourselves who determines the success.. Since most alts are valued solely in btc.. who are the gatekeepers?
Its like putting the wolves in charge of the chicken coop.
Its like putting the wolves in charge of the chicken coop.
I think its time to open a conspiracy theory thread.....lets put the pieces together
Most coins take a little off the top with a premine.
In Soviet Asia, coin maker take everything and give you premine!
In Soviet Asia, coin maker take everything and give you premine!
We have to ask ourselves, who has the most to lose from any alternative becoming successful? Then we have to ask ourselves who determines the success.. Since most alts are valued solely in btc.. who are the gatekeepers?
Its like putting the wolves in charge of the chicken coop.
Its like putting the wolves in charge of the chicken coop.
Whoever it is put alot of thought into this one and had know how. Some people are very threatened by any alt that *may* take a little market share away from the big pie. Perhaps the powers that be are trying really hard to damage the reputation of the alt communities.
The best thing to do from this point forward (some of us have already been doing it) is to stay away from the shiny object of the day, and only trust coins we compile ourselves that come from reputable repos.
The best thing to do from this point forward (some of us have already been doing it) is to stay away from the shiny object of the day, and only trust coins we compile ourselves that come from reputable repos.
Very possible
Whoever it is put alot of thought into this one and had know how. Some people are very threatened by any alt that *may* take a little market share away from the big pie. Perhaps the powers that be are trying really hard to damage the reputation of the alt communities.
The best thing to do from this point forward (some of us have already been doing it) is to stay away from the shiny object of the day, and only trust coins we compile ourselves that come from reputable repos.
The best thing to do from this point forward (some of us have already been doing it) is to stay away from the shiny object of the day, and only trust coins we compile ourselves that come from reputable repos.
more and more creative ways to scam....what will be the next "big thing?" and who has the balls to bring out all the secret conspiracies being discussed?
Obviously took some effort to think this one out....whats it going to be next?
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