Quote from: smooth on January 24, 2015, 07:32:26 AM

Quote from: jehst on January 24, 2015, 07:29:16 AM

Quote from: smooth on January 24, 2015, 07:13:50 AM

Quote from: jehst on January 24, 2015, 07:00:53 AM

Quote from: smooth on January 24, 2015, 06:28:01 AM

As with any pump and dump, their play is to sooner or later trade out of the 150+ billion (80%+) premined coins. Trying to make a big enough pump to do that in todays market would be difficult if not impossible. The market won't even support selling 1k-2k USD per day. So the most sensible strategy is to keep it somewhere viable in the rankings at minimal cost, wait, and hope for a better chance to exit.

Their only hope of cashing out is a massive crypto bubble where every shitcoin in the Top 50 is getting millions thrown at it by panicked investors who aren't taking the time to research each one.

When you have 80% of the coins it doesn't take a massive crypto bubble like that to cash out 10 million USD or more. BCN market cap peaked at about 12 million USD, and that wasn't in during a massive crypto bubble, at least not the peak of one, it was well into the 2014 decline.

BCN has a better chance to pump out than some crappy #40-50 coin. It has interesting technology, pretty web sites, a backstory, and a somewhat professional and experienced crew of scammers running it.

Pumping their market cap to 12 million USD might only cost them a few thousand. Actually selling 10 million worth to investors will be a different story. Should be interesting to see if they can. At that point, I'd have to admit that it was a pretty good long-con.

It's certainly an attempt at a long con. Why the hell else are they still at it (while having given up on the other ones)?

I'll agree with you its a long shot, but perhaps worth the probably-modest cost of keeping it going now.

If they actually cash out their 80% premine, does the coin stop being a con? Because it's the pre-mine that makes the coin a con. And dumps are what legitimate investors are afraid of, right? If they cash out the premine, it would transform the coin into a fairly distributed coin. Those devs may even have an incentive to stick around as devs for additional opportunities that devs get based on their status as experts. Could there be a bizarro future where bytecoin becomes a legitimate coin? LOL.