Quote from: stevegreer on April 22, 2017, 03:17:53 PM

Quote from: Perryl on April 22, 2017, 02:23:21 PM

People were stupid enough to think isiscoin was a legit project?

Show me proof of an actual scam...

Perryl, I can see your point of view and I respect you for sticking up for the dev and giving him the benefit of the doubt. But see above and you posted proof of at least one of the coins dev had before was obviously created to be a scam. If he wanted to be taken serious as a dev then why would he create a coin that was purposefully made to not be legit? Simple answer, to scam people out of money. Creating a coin for the sole purpose of pump and dump is textbook definition of a scam. True, no one SHOULD have been stupid enough to invest in that coin, but we all know that not every one involved in crypto possesses a lot of common sense.

Maybe dev is trying to rebuild his name and be taken seriously as a dev. I certainly hope so for the sake of anyone investing more than a few $$$ in this coin. But I will go back to my first post in this thread and say that everyone invested in it should keep a steady eye on the exchange(s) and blockchain explorer for any signs of massive dumping. Given that block rewards are what, 1 Tor?, any massive dumping can only come from one of two people, or both, the creator and/or the dev as they are the only two major bag holders at the moment.

That's good constructive criticism and I do agree, people should keep an eye on their investment. I'm not even necessarily sticking up for the dev, just asking for actual evidence of a scam, but like you said. Isiscoin doesn't sound like a legit project to me. That sounds like a coin intended to capitalize on a pnd, but imo there is a difference between a shitcoin and a scam. I don't know the specifics of Isiscoin. I think it's fair to ask what specifically made it a scam. If money wasn't taken under a false pretense, is it a scam? Or a failure? Is every failed coin a scam? Every coin we lose money on? Or just every coin the developer gives up on? What's defines these coins as a scam. Is a pnd even a scam? We should all be able to spot them by now. A lot of miner profits come from fake pumps too. I know I don't feel scammed by Takencoin and that was definitely developed for the sole purpose of a pnd.

I don't think creating a coin for the sole purpose of pumping and dumping it is a textbook definition for scamming. I think we might have to update the textbooks to include that, maybe, but as of now I don't think it would be considered a textbook definition of "scam". Someone loses and someone wins. That's probably true regardless of how much of a "scam" a coin is. Issuing a new currency to try and make money isn't any more of a scam than it's a scam for a game to issue a currency and sell it to people as an item to use in that game. When that game fails, as they all eventually do. You have no grounds to reclaim those funds.

Also, last I checked cryptocurrencies generally class themselves as experimental and everything is expected to be at your own risk.

I was scammed by Paycoin, LIR, and possibly others. Time will tell. The problem is, everything looks like a scam until it doesn't. Bitcoin, Dash, and Ether have all looked like scams to some people, including me. Arguably, they still do. Mass-adoption has not been achieved for Bitcoin even. Many still can't wrap their head around the value of a Bitcoin and won't put their money into it. Plus the risk of volatility is too high.

I agree, maybe the dev is trying to rebuild his name. Or maybe he's trying to capitalize on those that haven't heard of his "scams". The warnings I've received on this thread haven't encouraged me to Google him. Even if he is apparently "famous" for scamming. They lack evidence. Even the point you outlined above, I have to make assumptions to consider him a scammer. I would have to look at Isiscoin and see where he took it and what he did with it before dropping the project. I feel like they're going to seem like shitty projects to me, but I have trouble calling something a scam if he didn't actually sell something that he didn't deliver. I believe someone should be able to provide evidence of that. I mean, he doesn't even have negative trust. There is nothing but some conjecture to suggest that he's a scammer.

I think anybody will call any project a scam if they didn't make money off of it. Especially if they lost. Are you saying if someone decides to buy a coin on an exchange without doing their own due diligence that they're the victim of a scam? Because why? What scammed them? Who? They decide to be greedy and capitalize on something because they read some candlesticks and think they can predict the future. We might as well consider Ether a scam because of the DAO hack. Or BTC a scam because of Mt Gox. Something happening in the past is not really evidence of it happening now.