Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
OrangeP
on 12/03/2017, 12:04:09 UTC
The "Dash is a scam" argument doesn't work. Open your eyes. Look at the price.
Fiat money is a scam too. No one cares.

I've tried to explain this all the time.
The fact that a coin has a premine doesn't make it scam in the first place. It is just the seed fund/starting capital of the project and means to pay to the developers.
That being said, I advice to be extremely critical to the coins with premine - the premine is incentivizing scammish activities (dump the premine to the noobs and run to the next scam). To claim Dark coin a scam is using the same logic that a start up is a scam because it has initial funding from the investors.
When it comes to pyramid schemes, any coin is a pyramid scheme: the new buyers bail the current holders/miners out. So in that sense Dark coin is not a scam either more than any other investment. Quite the opposite, the pyramid is the form of investment that can make one rich.
2 Millions in the first 30 hours are still a bit too much, comparing to total 7 millions coins three and a half years later. Where did this money go? And btw you can't compare investment with a well known fiat currency which has a stable value to a just newly created one of thousands coins, started as a joke(from the devs). If they thought that darkcoin, dash, xcoin ... whatever will succeed why they didn't instamine like only 1000? Why 2 Millions. Thats what scam coins make.

I agree! 100%. What I meant with open your eyes is that people just do not care. So unless the preminers kill the coin it will be well alive. And the preminers have no incentive to do so as they get nice profits from rising prices and running masternodes.