Post
Topic
Board Altcoin Discussion
Topic OP
[POOL] New Coin relase, fake accounts, fake bid offers
by
bbxx
on 09/05/2013, 08:04:27 UTC
Hi

In last month i saw such easy to predict shema

- few people arrange to make new coin with launch date without prior info to prepare
- few people mining like crazy with already downloaded client and ultra low latency
- fake accounts are posting bid offers, buy 1k crap for 5ltc etc
- they are simulating that is real market price (f.ex 1 usd for coin, so their crap is worth a decent brand new car)
- afer premine is over (more than 50% in hands of creators) they arrange trades on google docs and make giveaway
- then they beg bter vicurex btce for place to dump theirs crapassets
- when it is done they dump coins getting a lot of btc/ltc
- people abandon mining cause it is not worth anymore due to low price/high diff

after week from relase group of creators have real coins from fishes, noobs and early btc adopters/collectors
and lot of naive people are now bagholders

sad.

wchich coin fits this?