Post
Topic
Board Bitcoin Discussion
Re: Piece of Shit Bitcoiners et al. Hall of Fame
by
smooth
on 03/04/2016, 16:50:26 UTC
3. Did that guy lose any money, or more specifically did Evan rip him off in some way?

If he bought post-launch, he bought at 0.000025 per BTC. Price in mid April 2014 was around 100 times as much. If he waited a few more days, his money would be another 5x at least (500x). Where did he lose money? How did Evan rip him off? I call bullshit.

I don't know if that guy lost money but clearly there are many people have been scammed by Dash and have lost money, most notably those who bought on the initial pump up to about 0.0267, a price which has not been reached since, but also on later pumps.

When you create a coin with narrowly distributed supply from the start due to highly concentrated mining, further restrict the supply with mining reward and total supply cuts and masternode incentives (along with redirecting almost half of the already-cut mining rewards to masternode holders), then fuel that with deceptive and misleading statements (including the claim that the unstained coins were "redistributed", which Evan now acknowledges is not true, since he claims that to be his "startup equity"), along with other spin and pumping from the lead dev and a crew of shills, the result is certainly going to be unsustainable pumps to high prices which cause investors to lose money.

The sad part is, you are still doing it.