Quote from: PrintMule on June 17, 2013, 04:02:56 PM

I wonder what will happen to those altcoins in the end? Will all the scam accusations, or other problems go away with time? Will their owners abandon them as soon as it's profitable enough? Is the majority of people investing in those informed enough?

That, my friend, is the big question.

Quote from: MashRinx on June 17, 2013, 04:24:19 PM

Quote from: nearmiss on June 17, 2013, 03:46:49 PM

Quote from: MashRinx on June 17, 2013, 03:29:07 PM

Quote from: AlphaC on June 16, 2013, 07:27:09 PM

There is no intention of using the coins for any purpose other than dumping it on everyone.

This is my expectation of EVERY premined or instamined coin.

uh oh, that'd implicate ARG and SBC and a bunch of others that so many people in this thread are likely involved in! Lips sealed

Yeah, I know that's painting with a pretty wide brush and any implication isn't my intention. When I'm deciding where to spend my money, time, and/or hashing power, trust is important. I'm not saying I can't trust the devs behind SBC or ARG or any other alt, but I don't know yet for a fact that I can, and there's a big difference in the two approaches. Maybe the premined coins are really being used for what is stated, but I'm not going to consider that lightly and others shouldn't either. I've seen coins with premines stated only after someone in the thread discovered them, and others with a premine of 1 Mil or more for "bounties" and then 50k worth of bounties are posted.

A lot of people here probably weren't around for the pirateat40 debacle last year, but I watched a lot of people get scammed out of a LOT of BTC. Thankfully I wasn't one of them, because you could see what he was doing a mile away if you wiped the $s out of your eyes for just a few seconds. Trust.

One thing I find very interesting is that DGC, which currently has the highest hashrate of any scrypt coin other than LTC, there was no premine the coin was implemented in a way to strongly reduce the ability to instamine it as well.

Anyone who promises a % return daily without requiring you to do anything but invest is a Ponzi Scammer.

If anyone still falls for that kind of scam, then I'm sorry but I don't know what to tell you.

There's nothing as free money in this zero-sum game. Someone will have to lose out.