Makes me wonder how many other scams/ponzis are still running out there and how much money they have. Your thoughts?
it worth nothing that in 2013 after the doge peak the altcoin section was full of malicious devs, who were running their scam-fest, consisting of many alts, like aurora/blackcoin /maxcoin/stockcoin(the first one) ecc....,
i was there for every one, and i can tells you that with the first three they have surpassed by a long shot the 340M of this news..
actually i think that with aurora only, they have scammed a monstrous amount(i remember that coin surpassed litecoin in value, when litecoin was worth about 300M+)
nowadays there are still scam pos coins with bad/fake distribution and other crap like that
Whoah, slow down. There is a lot of scam activity including devs, but how do you justify calling the first three you mention scams? (I'm not familiar with the fourth). It's possible I've missed some important news, but I do try to pay attention so I'm surprised if I missed anything major.
1. Auroracoin was an ambitious effort by pretty much one lone dev, which failed for lack of support/infrastructure/software development that would realistically have been needed for it to be a success in its intention of providing Iceland a cryptocurrency. But despite a lot of hollering about it being a scam, I never saw a whiff of evidence to justify the accusations and it looks like the airdrop took place as intended. (It's all the hasty country-coins that followed it that would be more worthy of such scrutiny.)
2. Blackcoin - ambitious marketing and plans, and in-fighting among the devs, and I've seen accusations of whales attempting to manipulate it. But none of that justifies calling the coin itself a scam or calling the devs scammers.
3. Maxcoin - isn't this the Max Keiser coin? So how does that make it a scam? I've paid less attention to it, but again, how do you justify calling it a scam?
Only Auroracoin topped $100 million in market cap IIRC (with it hitting $1 Billion), so how can you claim each of these coins was somehow involved in >$340 million scams? Granted there is a lot of trouble in the alts, but let's not be wildly inaccurate in describing the issues.
auroracoin was being heavy manipulated with the funds they rised for the promising id for they citizens
i know people that had at least 1000-5k aurora coin, and each reached 0.16 btc, now do the math, you end up with 500k for every one of those guys(you just need 70-100 of those guy to surpass 340M), not to mention that the funds(50% premined of 21M) was dumped at the end or at least a good portion of it, the funds alone was worth about 2M bitcoin(yeah 2M bitcoin you read it right)
blackcoin again was heavily instamined(that era was an instamine fest i remember it clearly)
just take a look at their main thread, plenty of people reporting those as a scam(maybe blackcoin a bit less than the others)